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1 results

  • 2 - The Rise of Risk in Regulatory Governance

  • from Part I - Foundations
  • Karen Yeung, University of Birmingham, Sofia Ranchordás, Tilburg University, The Netherlands
  • Book:
    An Introduction to Law and Regulation
    Published online:
    22 November 2024
    Print publication:
    28 November 2024, pp 41-78

  • Summary

    Risk is a central concept in modern regulatory studies. In Chapter 2, the general idea of ’risk’ is introduced. The chapter helps readers grasp its scientific and practical relevance for regulation. The chapter also offers an overview of the importance of risk in scholarly work and policy-making. The chapter emphasizes the extensive and diverse nature of risk studies across different academic disciplines including ’technical’ quantitative methods and sociological critique. It explains how risk identification, risk assessment, and risk management are conventionally understood and highlights their shortcomings and complexities. Additionally, it discusses the trend of ’riskification’ – the tendency to frame a growing number of issues in the language of risk.