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Disastrous Anti‐Economics And The Economics Of Disasters

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  • Art Carden

Abstract

This article surveys and synthesises some of the research on the political economy of natural disasters. While people tend to support government intervention to reduce prices or otherwise aid disaster recovery, research shows that government organisations are often corrupt and ineffective. Further, since people tend to mis‐identify the causes of (for example) gasoline price increases after natural disasters, government intervention after a disaster is likely to do more harm than good.

Suggested Citation

  • Art Carden, 2010. "Disastrous Anti‐Economics And The Economics Of Disasters," Economic Affairs, Wiley Blackwell, vol. 30(2), pages 81-84, June.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:2:p:81-84
    DOI: 10.1111/j.1468-0270.2010.01996.x
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    References listed on IDEAS

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    1. Mill, John Stuart, 1848. "Principles of Political Economy (II): Distribution," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number mill1848-2.
    2. repec:wvu:wpaper:09-10 is not listed on IDEAS
    3. Russell Sobel & Peter Leeson, 2006. "Government's response to Hurricane Katrina: A public choice analysis," Public Choice, Springer, vol. 127(1), pages 55-73, April.
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    7. Art Carden, 2008. "Beliefs, bias, and regime uncertainty after Hurricane Katrina," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(7), pages 531-545, June.
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