Comparing Covid-19 to Past Costly Disasters

Looking at the economic impact of past costly disasters can help us develop policies that target where and how Covid-19 will affect us.

How to Calculate the Cost of a Disaster

To determine the disaster cost of weather and climate events, the U.S. government has to decide what to include and how to assess the value.

Six Facts About Disaster Economics

When natural disasters like hurricanes, massive snowstorms, and wildfires strike a region, their economic impact is far more than the clean-up.

Can a Hurricane Help an Economy?

Before, during and after a natural disaster like Harvey, we have hurricane economics affecting gasoline markets and the GDP.

The Hidden Side of Hurricane Spending

Looking at Katrina, Sandy and now Matthew, while hurricane spending can be much more than the clean-up, it does not necessarily help the GDP.

Why Hurricanes Cost More Than We Think

BMW’s problems began after it decided to “adopt a vortex.” Where are we going? To the economic impact of a storm. But first, the BMW story… Like hurricanes are named in the U.S., so too are high- and low-pressure weather…

Can an Earthquake Be Good for the Economy?

19th century economic writer Frederic Bastiat warned that a disaster spending GDP boost is misleading because of unseen sacrificed economic activity.

Storm Warnings

Some thoughts today about predicting natural disasters. Weeks before 308 people perished in L’Aquila from an earthquake, a government commission proclaimed the chance was slim that a disaster would occur. It did happen and now, the 6 scientists and single…

iPhone 5 Economics

Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed more revenue because of the volume…

Averting Disasters

Disaster spending is setting records this year. At 81, the number of tornadoes, earthquakes, snowstorms, hurricanes and wild fires is equal to the total for all of 2010 and more than each of the previous 3 years. Disaster spending almost…