URN:NBN:SI:doc-BJAGKFFO2019Keating, Gregory C.documents/doc/B/URN_NBN_SI_doc-BJAGKFFO_001.pdfdocuments/doc/B/URN_NBN_SI_doc-BJAGKFFO_001.txt39articlestr. 37-59, 131-1321581-765219142915URN:NBN:SI:doc-BJAGKFFOengKlub RevusRevus (Ljubljana)BY-SAabsolutismcost-benefit analysisefficiencynegligenceprecautionpriority of avoiding harmresponsibilityrightsrisksafetytrade-offsutilitywelfareBetween absolutism and efficiencyreply to Professors Geistfeld, Grady, and Priel