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How can government reduce the frequency and the severity of future catastrophes? Companies that have the potential to create significant harm must be required to pay for the costs they inflict, either before or after the fact. Economists agree on this general approach. The problem is in putting such a policy into effect.
Richard Thaler
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"How can government reduce the frequency and the severity of future catastrophes? Companies that have the potential to create significant harm must be required to pay for the costs they inflict, either before or after the fact. Economists agree on this general approach. The problem is in putting such a policy into effect."
— Richard Thaler #politicsgovernment

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How can government reduce the frequency and the severity of future catastrophes? Companies tha…

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How can government reduce the frequency and the severity of future catastrophes? Companies that have the potential to create significant harm must be required to pay for the costs they inflict, either before or after the fact. Economists agree on this general approach. The problem is in putting such a policy into effect. — Richard Thaler

About Richard Thaler

Richard Thaler was a Economist from United States (1945–present).

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Frequently Asked Questions

Who said "How can government reduce the frequency and the severity of future catastrophes…"?
This quote is attributed to Richard Thaler, a Economist from United States.
When did Richard Thaler live?
Richard Thaler lived from 1945 – present.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.