IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v69y2010i4p1294-1320.html
   My bibliography  Save this article

The Economics and Ethics of Hurricane Katrina

Author

Listed:
  • Llewellyn H. Rockwell, Jr.
  • Walter E. Block

Abstract

How might free enterprise have dealt with Hurricane Katrina and her aftermath. This article probes this question at increasing levels of radicalization, starting with the privatization of several government “services” and ending with the privatization of all of them.

Suggested Citation

  • Llewellyn H. Rockwell, Jr. & Walter E. Block, 2010. "The Economics and Ethics of Hurricane Katrina," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1294-1320, October.
    • Handle: RePEc:bla:ajecsc:v:69:y:2010:i:4:p:1294-1320
    DOI: 10.1111/j.1536-7150.2010.00745.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.2010.00745.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.2010.00745.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lemennicier Bertrand, 1996. "La Privatisation des Rues," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 7(2-3), pages 363-374, June.
    2. Edward P. Stringham & Nicholas A. Snow, 2008. "The broken trailer fallacy," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(7), pages 480-489, June.
    3. AndrÊ de Palma & Robin Lindsey, 2000. "Private toll roads: Competition under various ownership regimes," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 34(1), pages 13-35.
    4. Andrew T. Young, 2008. "Replacing incomplete markets with a complete mess: Katrina and the NFIP," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(8), pages 561-568, July.
    5. David Neumark & William Wascher, 1992. "Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws," ILR Review, Cornell University, ILR School, vol. 46(1), pages 55-81, October.
    6. Stringham, Edward & Snow, Nicholas, 2008. "The broken trailer fallacy: seeing the unseen effects of government policies in post-Katrina New Orleans," MPRA Paper 26099, University Library of Munich, Germany.
    7. Mark Thornton, 1994. "The economics of prohibition," Chapters, in: Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics, chapter 51, Edward Elgar Publishing.
    8. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    9. Hulsmann, Jorg Guido, 1997. "Knowledge, Judgment, and the Use of Property," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 10(1), pages 23-48.
    10. Klein, Daniel B, 1990. "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," Economic Inquiry, Western Economic Association International, vol. 28(4), pages 788-812, October.
    11. Klein, Daniel, 1990. "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," University of California Transportation Center, Working Papers qt0js4r8h9, University of California Transportation Center.
    12. 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.
    13. Steve Hanke, 2003. "Money and the rule of law in ecuador," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(3), pages 131-145.
    14. Carnis Laurent, 2003. "The Case for Road Privatization: a Defense by Restitution," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 13(1), pages 1-24, March.
    15. Klein, Daniel B., 1990. "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," University of California Transportation Center, Working Papers qt2587p3z1, University of California Transportation Center.
    16. Klein, Daniel B. & Fielding, Gordon J., 1992. "Private Toll Roads: Learning from the 19th Century," University of California Transportation Center, Working Papers qt1ps0p68g, University of California Transportation Center.
    17. Fred E. Foldvary, 1994. "Public Goods And Private Communities," Books, Edward Elgar Publishing, number 167, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yang, Chia-yen, 2000. "The organizational choice of public good provision," ISU General Staff Papers 2000010108000013664, Iowa State University, Department of Economics.
    2. Carnis Laurent, 2014. "The Political Economy of Lighthouses: Some Further Considerations," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 20(2), pages 143-165, December.
    3. Byron Carson, 2024. "Prevention externalities: private and public responses to the 1878 yellow fever epidemic," Public Choice, Springer, vol. 201(3), pages 579-606, December.
    4. Laurent Carnis, 2013. "The provision of lighthouses services: a political economy perspective," Public Choice, Springer, vol. 157(1), pages 51-56, October.
    5. Klein, Daniel B. & Yin, Chi, 1994. "The Private Provision of Frontier Infrastructure: Toll Roads in California, 1850-1902," University of California Transportation Center, Working Papers qt3bc2s8vk, University of California Transportation Center.
    6. Klein, Daniel B. & Yin, Chi, 1994. "The Private Provision of Frontier Infrastructure: Toll Roads in California, 1850-1902," University of California Transportation Center, Working Papers qt3bc2s8vk, University of California Transportation Center.
    7. Carnis Laurent, 2003. "The Case for Road Privatization: a Defense by Restitution," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 13(1), pages 1-24, March.
    8. Bryon Carson, 2021. "Alain Bertaud, Order Without Design: How markets shape cities. Cambridge, MA: MIT press, 2018. Xiv + 419 pages. USD 40.00 (cloth)," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(4), pages 517-522, December.
    9. Fred E. Foldvary, 2005. "Infrastructure: Optimal Private And Governmental Funding And Provision," Economic Affairs, Wiley Blackwell, vol. 25(1), pages 25-30, March.
    10. Glenn Furton & Adam Martin, 2019. "Beyond market failure and government failure," Public Choice, Springer, vol. 178(1), pages 197-216, January.
    11. Bruce L. Benson, 2007. "Private Policing And Private Roads: A Coasian Approach To Drunk‐Driving Policy," Economic Affairs, Wiley Blackwell, vol. 27(4), pages 30-38, December.
    12. Block Walter, 1998. "Roads, Bridges, Sunlight and Private Property: Reply to Tullock," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(2-3), pages 315-326, June.
    13. Edna Tusak Loehman & Richard Kiser & Stephen J. Rassenti, 2014. "Cost Share Adjustment Processes for Cooperative Group Decisions About Shared Goods: A Design Approach," Group Decision and Negotiation, Springer, vol. 23(5), pages 1085-1126, September.
    14. Walter Block & William Barnett, 2009. "Coase and Bertrand on lighthouses," Public Choice, Springer, vol. 140(1), pages 1-13, July.
    15. Bryan Caplan & Edward Stringham, 2003. "Networks, Law, and the Paradox of Cooperation," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 309-326, December.
    16. Mark Koyama, 2012. "Prosecution Associations in Industrial Revolution England: Private Providers of Public Goods?," The Journal of Legal Studies, University of Chicago Press, vol. 41(1), pages 95-130.
    17. Button, Kenneth, 2020. "The Transition From Pigou’S Ideas On Road Pricing To Their Application," Journal of the History of Economic Thought, Cambridge University Press, vol. 42(3), pages 417-438, September.
    18. Fielding, Gordon J. & Klein, Daniel B., 1993. "How To Franchise Highways," University of California Transportation Center, Working Papers qt79z9x6fs, University of California Transportation Center.
    19. Sten Anttila & Charlotta Stern, 2005. "The Voluntary Provision of Snowmobile Trails on Private Land in Sweden," Rationality and Society, , vol. 17(4), pages 453-474, November.
    20. Sarah Jacobson & Ragan Petrie, 2014. "Favor trading in public good provision," Experimental Economics, Springer;Economic Science Association, vol. 17(3), pages 439-460, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:69:y:2010:i:4:p:1294-1320. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.