This powerful new book is the first ever examination of how political risk–something faced by every political actor innumerable times per day–is calculated and used in decision making. It opens with an outline of the historical and linguistic origins of risk, a section on the various disciplinary understandings of risk, the risk society concept and how risk has come to be so prominent in the context of environmental disaster and terrorism. The book then defines political risk and looks at its manifestations in the public sector from project…