These lecture notes from the 1985 AMS Short Course examine a variety of topics from the contemporary theory of actuarial mathematics. Recent clarification in the concepts of probability and statistics has laid a much richer foundation for this theory. Other factors that have shaped the theory include the continuing advances in computer science, the flourishing mathematical theory of risk, developments in stochastic processes, and recent growth in the theory of finance. In turn, actuarial concepts have been applied to other areas such as biostatistics, demography, economic, and reliability engineering.

During the Depression, silicosis, an industrial lung disease, emerged as a national social crisis. Experts estimated that hundreds of thousands of workers were at risk of disease, disability, and death by inhaling silica in mines, foundries, and quarries. By the 1950s, however, silicosis was nearly forgotten by the media and health professionals. Asking what makes a health threat a public issue, David Rosner and Gerald Markowitz examine how a culture defines disease and how disease itself is understood at different moments in history. They also consider who should assume responsibility for occupational disease.