Economics Dictionary of ArgumentsHome
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| Disasters: In economics, disasters are sudden events - natural or man-made - that cause significant disruption to economic activity, infrastructure, and livelihoods. They lead to loss of output, increased costs, and resource reallocation. Economic analysis of disasters focuses on risk, resilience, and recovery policies to mitigate long-term impacts. See also Risk, Risk perception, Planning._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Jack Hirshleifer on Disasters - Dictionary of Arguments
Henderson I 99 Disasters/Hirshleifer/Henderson/Globerman: Substantively, the historical review here suggests an extraordinary resiliency of human populations and social structures. lt is of course impossible to prove that social breakdown will never occur in the aftermath of disaster, especially when we contemplate the unprecedented catastrophe of nuclear war. But the lurid picture of post-disaster regression to savagery, that staple of fiction and of popular thought, can draw no support from the historical record.(1) Jack Hirshleifer: (…) Hirshleifer did a pioneering Study for the US Air Force on the "causes, characteristics and consequences of important historical disasters." The study, formally titled RAND Corporation Memorandum RM-3079-PR, was published in April 1963 and was later reprinted in his 1987 book Economic Behaviour in Adversity(1). Property rights/price control: While works of fiction often depicted a descent into savagery after a major catastrophe, Hirshleifer found the opposite: when property rights were fairly secure and governments avoided economy- wide price controls, societies were relatively peaceful and economies recovered quickly. >Soviet Union/Hirshleifer. 1. Jack Hirshleifer (1987), Economic Behaviour in Adversity, p. 6. _____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Hirshleifer I Jack Hirshleifer Economic Behaviour in Adversity Chicago: University of Chicago Press 1987 Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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