Will Wilkinson on the Economics of Disasters

Lynne Kiesling

Will Wilkinson is sick of talking about the broken windows fallacy (as are we all …), and has instead written a very nice overview of the academic literature on the economics of disasters. He gives some good pointers to articles to read, and points out that we simply don’t know the likely economic consequences of a nuclear power plant meltdown (thankfully, I think we don’t know that because of their relative infrequency).

A recommended read.