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Shared Responsibility, Shared RiskGovernment, Markets and Social Policy in the Twenty-First Century$
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Jacob Hacker and Ann O'Leary

Print publication date: 2012

Print ISBN-13: 9780199781911

Published to Oxford Scholarship Online: February 2015

DOI: 10.1093/acprof:osobl/9780199781911.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 October 2020

A Brief History of Risk Management Policy

A Brief History of Risk Management Policy

Chapter:
(p.22) 2 A Brief History of Risk Management Policy
Source:
Shared Responsibility, Shared Risk
Author(s):

David A. Moss

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199781911.003.0002

This chapter provides a historical background on public risk management policy in the United States, beginning with public officials' intervention to either reduce or reallocate risk in the early nineteenth century and up to the federal government's financial rescues in the early twenty-first century. It considers how these most recent interventions have put public risk management in national policy discussions, and the primary role played by the government in managing risk. It examines three phases of risk management policy: the first spanned the period 1788–1900, when policymakers focused on managing business risk; the second occurred from 1900 to 1960 and focused on industrial workers; and the third, from 1960, focused on public risk management for all citizens. The chapter also discusses risk management as a function of government, the federal government's role in crisis management, and the relationship between public policy and the basic principles of risk management. Finally, it assesses future prospects for public risk management.

Keywords:   public risk management, United States, federal government, business risk, industrial workers, crisis management, public policy

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