Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe Audio CD – October 13, 2015
Author: Greg Ip ID: 1478936681
Review
”A powerful and original book on a vital subject – read it!” –Tim Harford, author of The Undercover Economist Strikes Back ”In this incisive and richly reported book, Greg Ip forces us to rethink our assumptions about risk. He shows that progress might depend on less safety, not more – and that stability can often be destabilizing. FOOLPROOF is the rare book you’ll be thinking about long after you’ve turned the final page.” –Daniel H. Pink, author of DRIVE and TO SELL IS HUMAN
”Drawing on a fascinating range of stories about forest fires and flood control, football helmets and anti-lock brakes, bank runs and epidemics, Foolproof is about the unintended and often very surprising consequences of our attempts to protect ourselves from disasters. Illuminating and entertaining, this book that will change the way you think about the world of risk.” –Liaquat Ahamed, Pulitzer Prize-winning author of Lords of Finance
”The safer you are, the more you are at risk; crises are born of success as much as failure. Surveying a century of struggles to fend off catastrophe, from financial panic to forest fires, Greg Ip explores these paradoxes deftly, cementing his position as a leading observer of the modern economy-and of the human condition.” –Sebastian Mallaby, author of More Money Than God
”It has been said that the problem with making things idiot-proof is that someone will just build a better idiot. Greg Ip’s new book shows us just how that happens, from anti-lock brakes to the gold standard, to the financial crisis we are still reckoning with today. Deftly written and filled with lucid explanations of complex topics, this is a must-read for anyone who wants to understand why seemingly safe territory so often turns out to be dangerous quicksand.” –Megan McArdle, author, The Up Side of Down
About the Author
Greg Ip is an award-winning journalist and the Wall Street Journal‘s Chief Economics Commentator. He’s spent two decades in financial and economic journalism, including eleven years at the Wall Street Journal and six years at the Economist. He appears frequently on television and radio, including National Public Radio, PBS, MSNBC, and CNBC. He lives in Bethesda, Maryland.
Audio CD: 1 pagesPublisher: Hachette Audio and Blackstone Audio; Unabridged edition (October 13, 2015)Language: EnglishISBN-10: 1478936681ISBN-13: 978-1478936688 Product Dimensions: 5.6 x 5.1 x 1.1 inches Shipping Weight: 8.8 ounces (View shipping rates and policies) Best Sellers Rank: #1,243,811 in Books (See Top 100 in Books) #155 in Books > Books on CD > Business > Investing #924 in Books > Books on CD > Business > General #1061 in Books > Business & Money > Economics > Microeconomics
Foolproof was excellent and much more subtle and thought provoking than its subtitle “Why Safety Can Be Dangerous and How Danger Makes Us Safe” would lead you to think. Instead of a retread of the well known Peltzman effect (the idea that innovations design to enhance safety just lead to greater risk taking without necessarily increIDg safety) the book is actually a subtle and wide-ranging exploration of when it is true, when it is not, and its implications (e.g., seatbelt—the original Peltzman claim—actually don’t have the effect because people forget they are wearing them so don’t actually alter their behavior much, but antilock breaks are something you directly engage with while driving and lead to less safe driving). The wide-ranging aspect is a substantial amount of economics which is Greg Ip’s speciality, especially the recent financial and eurozone crises, but also safety in areas like food, floods, wildfires, automobiles, airplanes and professional football. Although Ip somewhat heroically tries to extract some lessons from all of this, the real strength of the book is tying together disparate topics and making you realize that there are no easy answers to any of these questions. That said, I personally find myself generally more sympathetic to what Ip calls the engineers (i.e., the people who try to make innovations to increase safety) rather than the ecologists (i.e., the people who worry about preserving the ecosystem as a whole without disturbances like new safety innovations). But overall an exciting read and thought provoking whether or not you agree with every part of it.
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