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John E. Mueller

Terrorism, Security, and Money: Balancing the Risks, Benefits, and Costs of Homeland Security Illustrated Edition

by John MUELLER (Author)

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In seeking to evaluate the efficacy of post-9/11 homeland security expenses--which have risen by more than a trillion dollars, not including war costs--the common query has been, "Are we safer?" This, however, is the wrong question. Of course we are "safer"--the posting of a single security guard at one building's entrance enhances safety. The correct question is, "Are any gains in security worth the funds expended?"

In this engaging, readable book, John Mueller and Mark Stewart apply risk and cost-benefit evaluation techniques to answer this very question. This analytical approach has been used throughout the world for decades by regulators, academics, and businesses--but, as a recent National Academy of Science study suggests, it has never been capably applied by the people administering homeland security funds. Given the limited risk terrorism presents, expenses meant to lower it have for the most part simply not been worth it. For example, to be considered cost-effective, increased American homeland security expenditures would have had each year to have foiled up to 1,667 attacks roughly like the one intended on Times Square in 2010--more than four a day. Cataloging the mistakes that the US has made--and continues to make--in managing homeland security programs, Terror, Security, and Money has the potential to redirect our efforts toward a more productive and far more cost-effective course.

ISBN-10

0199795762
ISBN-13

978-0199795765
Edition

Illustrated
Publisher

Oxford University Press
Publication date

December 15, 2011
Language

English
Dimensions

9.32 x 6.09 x 0.75 inches
Print length

267 pages
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Editorial Reviews

Review

"Our political and media systems often seem paralyzed or even deranged by the prospect of terrorism. Very few people can talk rationally about the threat, the possible defenses, and what we gain and lose through increased security measures. John Mueller and Mark Stewart are notable exceptions. If you wonder whether airport security really makes sense, or how much is "enough" in protecting against attacks, consider the calm and convincing case they lay out in this book."--James Fallows, The Atlantic

"Just when you thought that nothing more could be said about the war on terror, John Mueller and Mark Stewart offer a brilliant new analysis and call to action, filled with insight, intelligence, and sharp writing. It's one of the rare books for which one can say that every politician and informed citizen should read it."--Steven Pinker, Harvard College Professor of Psychology, Harvard University, and author of The Better Angels of our Nature

"Terror, Security, and Money is enlightening, hard-hitting, and packed with common sense. Mueller and Stewart's evenhanded analysis of homeland security's costs and benefits is essential reading for anyone concerned whether our massively expensive security regime is worth the price."--Bruce Schneier

"Overall, Mueller and Stewart have moved the ball forward quite a bit. Their assumptions are reasonable, their analysis cautions..." -- Political Science Quarterly

About the Author

John Mueller is Woody Hayes Chair of National Security Studies, and Professor of Political Science at Ohio State University. He is the author of Atomic Obsession (OUP 2009).

Mark G. Stewart is Professor of Civil Engineering and Director of the Centre for Infrastructure Performance and Reliability at the University of Newcastle in Australia.

Product details

Publisher ‏ : ‎ Oxford University Press; Illustrated edition (December 15, 2011)
Language ‏ : ‎ English
Paperback ‏ : ‎ 267 pages
ISBN-10 ‏ : ‎ 0199795762
ISBN-13 ‏ : ‎ 978-0199795765
Item Weight ‏ : ‎ 13.3 ounces
Dimensions ‏ : ‎ 9.32 x 6.09 x 0.75 inches

Best Sellers Rank: #3,213,112 in Books (See Top 100 in Books)
- #566 in Public Affairs
- #1,282 in Civil Engineering (Books)
- #2,038 in Public Affairs & Administration (Books)

Customer Reviews:
4.5 15 ratings

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4.5 out of 5

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Great read!

Reviewed in the United States on August 18, 2014

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Great read! Everyone should read this book, but especially those working in the field of homeland security, defense, etc. Mueller makes his economic analysis easy to read for those without an econ background, but is rigorous enough that economics masters will not find (much) fault with his analysis. Yes, there are quite a few assumptions, but not only are assumptions necessary when analyzing non-monetary markets, but he explains the basis for his assumptions, and tries to skew it most favorably to the DoD and other agencies. This isn't a "definitive" cost/benefit analysis of defense policies, but it isn't meant to be, and that's likely impossible given the lack of transparency in this realm. This is a successful attempt to frame the issue of defense spending in economic terms, something that hasn't really been done before. Nobody will agree with Mueller on 100% of the issues, but it will at least re-frame the issues in a more useful light. He gives slightly more than lip-service to other non-defense/protection reasons for defense spending, but as that's not the main point of his argument, it's not a focus. For more on Mueller's views on the social impact of defense policy, read his book "Overblown" - it addresses exactly what others say he overlooks in this book. This is a must-read, regardless of your political views.

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Justin S.

Valuable argument, but not very rigorous and ignores much

Reviewed in the United States on March 30, 2014

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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.

4 people found this helpful

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Kim M.

good

Reviewed in the United States on June 25, 2017

Verified Purchase

college class required. good price

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Shopbills

Great book on this subject

Reviewed in the United States on January 9, 2013

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This is a great book on this subject. I highly recommend this author even when I don't agree with him all the time :)
His research is very thorough and presents some great arguments from different points.

One person found this helpful

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Christopher Stevens

A must read

Reviewed in the United States on September 15, 2013

Verified Purchase

Unless you are prepared to waste lots of money as we did during the Cold War, read this and be prepared to voice your opinion to the ruling class.

One person found this helpful

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Jason

Must Read

Reviewed in the United States on January 12, 2013

Verified Purchase

I wish every politician would read this book. There must be a balance between security, liberty and the ability to pay for it.

2 people found this helpful

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Top reviews from other countries

Yves23

Great perspective on risks and probabilities

Reviewed in Canada on October 24, 2013

Verified Purchase

If you're researching this subject, a great general perspective on the issue, especially when comparing daily risks to catastrophic risks such as those linked to terrorism.

Andrew Leisk

The trouble with reading a book like this - and I thoroughly enjoyed it - is ...

Reviewed in the United Kingdom on April 17, 2016

Verified Purchase

The trouble with reading a book like this - and I thoroughly enjoyed it - is that it make you think that the security queues at airports and the like are mere security theatre. When queuing I am always thinking of the miscreants sneaking in the back door, lets face it that is what happened with the downed Egypt Air flight. And of course you are more likely to drown in the bath than die from a terrorist disaster. Does any one take a bath nowadays? Loved it

One person found this helpful

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