When natural disasters like hurricanes, massive snowstorms, and wildfires strike a region, their economic impact is far more than the clean-up.
The Cost of a Parmesan Catastrophe
The cost of a natural disaster tends to be higher in dollars in developed nations and in victims in the developing world.
Green Blog: Stronger than the Storm?
By Amy Tourgee, guest blogger, Kent Place School alumna and Environmental Studies undergraduate at Princeton University Well, Labor Day weekend has come and gone, meaning summer has finally come to an end. Pools are closing, kids are going back to…
Disaster Economics: Neighbors and Utility Companies
Still dealing with the impact of Hurricane Sandy, I keep pondering the cost of preparing for the next storm. Personally, it has been worth purchasing a generator. But, what to do about my neighbor? Located a half mile from my…
The Economics of Natural Disasters
With Hurricane Sandy having just blown through my NJ neighborhood, our streets are covered with wires, leaves, branches and several huge trees. During the storm, Consolidated Edison darkened large swaths of NYC and the New York Stock Exchange suspended trading…
Replacing Broken Windows
During a CNBC interview, former Treasury Secretary Lawrence Summers said that Japan’s massive earthquake “…may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place.” Commenting on the interview, the WSJ reminds us that 19th…
