16 Pages Posted: 15 May 2008
Date Written: December 6, 2007
Free markets in capital and labor are essential to rapid recovery from natural disaster. Political and rhetorical responses to Hurricane Katrina included denunciation of price gougers in the market for gasoline; the arbitrariness associated with anti-price gouging legislation may create uncertainty that reduces the attractiveness of the investment climate.
Keywords: Katrina, disaster, weather, rhetoric, political economy
JEL Classification: D70, K00
Suggested Citation: Suggested Citation