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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

    as
    1. Bryan Caplan, 2007. "Introduction to The Myth of the Rational Voter: Why Democracies Choose Bad Policies," Introductory Chapters, in: The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Princeton University Press.
    2. 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.
    3. repec:wvu:wpaper:09-10 is not listed on IDEAS
    4. 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.
    5. Peter T. Leeson & Russell S. Sobel, 2008. "Weathering Corruption," Journal of Law and Economics, University of Chicago Press, vol. 51(4), pages 667-681, November.
    6. W. David Montgomery & Robert A. Baron & Mary K. Weisskopf, 2007. "Potential Effects Of Proposed Price Gouging Legislation On The Cost And Severity Of Gasoline Supply Interruptions," Journal of Competition Law and Economics, Oxford University Press, vol. 3(3), pages 357-397.
    7. Peter Boettke & Emily Chamlee-Wright & Peter Gordon & Sanford Ikeda & Peter T. Leeson & Russell Sobel, 2007. "The Political, Economic, and Social Aspects of Katrina," Southern Economic Journal, Southern Economic Association, vol. 74(2), pages 363-376, October.
    8. Carden William A, 2009. "Sound and Fury: Rhetoric and Rebound after Katrina," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 4(2), pages 1-14, April.
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