Tanzi Vito - Fragile Futures The Uncertain Economics Of Disasters Pandemics And Climate Change - Hardcover

Binding: Hardcover
Description: This book revisits a distinction introduced in 1921 by economists Frank Knight and John Maynard Keynes: that between statistically predictable future events ('risks') and statistically unpredictable uncertain events ('uncertainties'). Governments have generally ignored the latter perceiving phenomena such as pandemics natural disasters and climate change as uncontrollable Acts of God. As a result there has been little if any preparation for future catastrophes. Our modern society is more interconnected and more globalized than ever. Dealing with uncertain future events requires a stronger and more globally coordinated government response. This book suggests a larger more global government role in dealing with these disasters and keeping economic inequalities low. Major institutional changes such as regulating the private sector for the common good and dealing with special harms risks and crises especially those concerning climate change and pandemics are necessary in order to achieve any semblance of future progress for humankind.
Title: Fragile Futures The Uncertain Economics Of Disasters Pandemics And Climate Change
Author(s): Tanzi Vito
Publisher: Cambridge University Press
Barcode: 9781009100120
Pages: 246 Pages, Worked Examples Or Exercises
Publication Date: 5/19/2022
Category: Development Economics & Emerging Economies