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http://ssrn.com/abstract=1260323
 
 

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Irreversibility


Cass R. Sunstein


Harvard Law School

July 12, 2008

Oxford University Press, Law, Probability and Risk, Forthcoming
Harvard Public Law Working Paper No. 08-25
Harvard Law School Program on Risk Regulation Research No. 08-1

Abstract:     
The concept of "irreversibility" plays a large role in many domains, including public health, medical practice, and environmental protection. Indeed, the concept is explicit in some statements of the Precautionary Principle. But the idea of irreversibility remains poorly defined. Because of the flow of time, any loss is, in a sense, irreversible. On one approach, irreversibility might be understood as a reference to the value associated with taking precautionary steps that maintain flexibility for an uncertain future ("option value"). On another approach, irreversibility might be understood to refer to the qualitatively distinctive and even unique nature of certain losses - a point that raises a claim about incommensurability. The two conceptions fit different problems. These ideas can be applied to a wide assortment of environmental and public health questions, including overuse of antibiotics, genetic modification of food, avian flu, and climate change.

Number of Pages in PDF File: 22

Keywords: irreversibility, incommensurability, option value, public health, climate change

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Date posted: September 1, 2008 ; Last revised: December 2, 2008

Suggested Citation

Sunstein, Cass R., Irreversibility (July 12, 2008). Oxford University Press, Law, Probability and Risk, Forthcoming; Harvard Public Law Working Paper No. 08-25; Harvard Law School Program on Risk Regulation Research No. 08-1. Available at SSRN: http://ssrn.com/abstract=1260323

Contact Information

Cass R. Sunstein (Contact Author)
Harvard Law School ( email )
1575 Massachusetts Ave
Areeda Hall 225
Cambridge, MA 02138
United States
617-496-2291 (Phone)
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