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Mueller has published many articles on this topic, often working with Mark Stewart, usually using similar arguments. (For a really concise version look at their article in journal Homeland Security Affairs.) I find it quite valuable to have people questioning the effectiveness of our homeland security expenditures and really wish more people were doing so. Mueller and Stewart seem to be the only ones taking a critical look from an economics perspective.
Unfortunately, Mueller's arguments are overly simplistic, based on huge assumptions and failing to take into account other benefits of homeland security funding. He assumes that all our spending was meant to defend against terrorists and no other benefits come from it (when in reality almost every system is designed to battle all hazards). By using insurance valuations of the hazard he is ignoring that much of the cost of terrorist attacks--not to mention other disasters--are externalized onto and paid by the public through government support, and that we tend to chronically underestimate risks as explained by Nassim Taleb.
In sum, it's a valuable argument to read and consider, but not detailed or comprehensive enough to be more than a conversation starter.
- Paperback: 267 pages
- Publisher: Oxford University Press; 1 edition (October 7, 2011)
- Language: English
- ISBN-10: 0199795762
- ISBN-13: 978-0199795765
- Product Dimensions: 9.3 x 6.1 x 0.8 inches
- Shipping Weight: 13.6 ounces (View shipping rates and policies)
- Customer Reviews: 6 customer reviews
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#1,315,329 in Books (See Top 100 in Books)
- #538 in Public Affairs
- #984 in Civil Engineering (Books)
- #1199 in Public Affairs & Administration (Books)
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