|
Glen
Tenney's Online Resources
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|
Do Hurricanes Cause
Shortages? By Art Carden |
2
pages, 2008 |
|
Are
Tsunamis Good for the Economy? By Christopher Westley |
In
this short article, Westley (Jacksonville State
University) debunks the idea, put forth by some thinkers, that the recent
Tsunami in Southern Asia is good for the economies involved. The piece is a
good modern application of Bastiat’s Broken Window
Fallacy. (2004, 2 pages) |
|
By Timothy D. Terrell |
Professor
Terrell (Wofford College) demonstrates the
historical relationship between poverty and natural disasters, and concludes
that the best thing governments can do in such times is get out of the way so
that the wealth-creation efforts of those in the market can work effectively
in rebuilding the affected areas in the most efficient way possible. (2004, 2
pages) |