The Economics of Natural Disasters

Barbara Flowers

Page One Economics Newsletter, 2018, 1-9

Abstract: When natural disasters hit, the victims may feel as if there is no chance of recovery. In fact, those far away may feel the same way. Observing the destruction of homes, businesses, infrastructure, and the environment, one might wonder if it is possible to get back to normal. In rare cases, the return to pre-disaster normal is impossible. It is far more likely, however, that the recovery will ultimately make conditions as good or better than they were before the disaster.

Date: 2018
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