Counterterrorism priorities are proving wasteful
By
commissioned new research into the merits of different methods of combating terrorism
Global annual spending on homeland security measures has increased by about $70 billion since 2001
What is surprising is that there have been 67 more deaths, on average, each year
The rise in the death toll is caused by terrorists responding rationally to the higher risks imposed by greater security measures
They have shifted to attacks that create more carnage to increase the impact of fewer attacks
Increased counterterrorism measures simply transfer terrorists' attention elsewhere
a project that seeks to establish priorities for advancing global welfare using methodologies based on the theory of
welfare economics
The initial project was co-sponsored by the Danish government and
The Economist newspaper
The participants were all economists, with the focus of the project being a rational prioritization based on economic analysis