The Political, Economic, and Social Aspects of Katrina

Posted: 21 Jan 2008

See all articles by Emily Chamlee-Wright

Emily Chamlee-Wright

Beloit College - Department of Economics and Management

Peter J. Boettke

George Mason University - Department of Economics

Peter Gordon

University of Southern California - Sol Price School of Public Policy

Peter T. Leeson

George Mason University - Department of Economics

Russell S. Sobel

The Citadel - School of Business

Abstract

In this paper, we examine the resiliency of community recovery after a natural disaster. We argue that a resilient recovery requires robust economic/financial institutions, political/legal institutions, and social/cultural institutions. We explore how politically and privately created disaster preconditions and responses have contributed to or undermined institutional robustness in the context of the Gulf Coast's recovery after Hurricane Katrina. We find that where post disaster resiliency has been observed, private-sector responses contributing to the health of these institutional arenas are largely responsible. Where post disaster fragility and slowness has been observed, public-sector responses contributing to the frailty of these institutional arenas are largely the cause. In other words, we engage in a comparative institutional analysis of civil society, entrepreneurial commercial society, and government agencies and political actors in the wake of a natural disaster.

JEL Classification: P16, P17, H11

Suggested Citation

Chamlee-Wright, Emily and Boettke, Peter J. and Gordon, Peter and Leeson, Peter T. and Sobel, Russell S., The Political, Economic, and Social Aspects of Katrina. Southern Economic Journal, Vol. 74, No. 2, 2007. Available at SSRN: https://ssrn.com/abstract=1085631

Emily L. Chamlee-Wright (Contact Author)

Institute for Humane Studies at George Mason University ( email )

3401 N. Fairfax Drive
Arlington, VA 22201-4432
United States

HOME PAGE: http://https://theihs.org/

Emily Chamlee-Wright

Beloit College - Department of Economics and Management ( email )

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Peter Gordon

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States

Peter T. Leeson

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.peterleeson.com

Russell S. Sobel

The Citadel - School of Business ( email )

171 Moultrie St.
Charleston, SC 29409
United States

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