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"Pandemic" in a Stateless Society

In: Emerging Markets

Author

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  • Chee-Heong Quah

Abstract

This chapter debunks the myth that only the state is capable of handling a pandemic. Instead, without the state, private individuals and entities, when given the full freedom, can better ameliorate the risk and harm of a virus outbreak and at the same time maximize the well-being of the entire society. In particular, this chapter discusses what would have happened in a world without a state and how would the economic laws in the Austrian tradition drive individuals to act in ways that maximize the net benefits not only to themselves but ultimately to every member of the society.

Suggested Citation

  • Chee-Heong Quah, 2021. ""Pandemic" in a Stateless Society," Chapters, in: Vito Bobek & Chee-Heong Quah (ed.), Emerging Markets, IntechOpen.
    • Handle: RePEc:ito:pchaps:215006
    DOI: 10.5772/intechopen.93373
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    File URL: https://www.intechopen.com/chapters/73097
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    More about this item

    Keywords

    pandemic; state; virus outbreak; society;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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