Disastrous Anti-Economics and the Economics of Disasters

4 Pages Posted: 8 Jun 2010  

Art Carden

Brock School of Business, Samford University

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

Carden, Art, Disastrous Anti-Economics and the Economics of Disasters. Economic Affairs, Vol. 30, No. 2, pp. 81-84, June 2010. Available at SSRN: https://ssrn.com/abstract=1621969 or http://dx.doi.org/10.1111/j.1468-0270.2010.01996.x

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

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

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