Αρχική / Οικονομικά / Fragile Futures: The Uncertain Economics of Disasters, Pandemics, and Climate Change

Fragile Futures: The Uncertain Economics of Disasters, Pandemics, and Climate Change

ΣΥΓΓΡΑΦΕΑΣ
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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.

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  • Discusses changes needed in prevailing economic theories about role of market and government operations in democratic countries
  • Discusses changes needed to adapt to an increasingly global world where most policies have remained national
  • Questions the past assumption of the inevitable continuation of 'progress' in the future
Συγγραφέας: Tanzi Vito
Εκδότης: CAMBRIDGE UNIVERSITY PRESS
Σελίδες: 246
ISBN: 9781009100120
Εξώφυλλο: Σκληρό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2022

Part I. Uncertain Future Events and Reactions to Them:
1. Introduction
2. Risky versus uncertain events
3. Taxonomy of disasters
4. Democracy, capitalism and random events
Part II. A Survey of Past Pandemics and Other Disasters:
5. Uncertain future events and policies
6. Pandemics, famines and climate change
7. Major natural disasters
8. Atomic disasters
9. Industrial disasters
10. Economic principles for disasters
Part III. Climate Change and Global Warming:
11. When the Earth became man's private property
12. Early concerns about the environment
13. From environmental concerns to climate change
Part IV. Back to Some Theoretical Issues:
14. Human needs and economic theory
15. Concluding thoughts.

Vito Tanzi, an economist of international renown, served for twenty years as Director of the Fiscal Affairs Department of the International Monetary Fund in Washington, DC with which he was affiliated for nearly three decades. Dr Tanzi is the author or editor of over 25 books, including Government Versus Markets (2011) and Public Spending in the 20th Century (2000, with Ludger Schuknecht). A former Undersecretary for Economy and Finance of the Italian Government, he was President of the International Institute of Public Finance (IIPF) from 1990 to 1994. Dr Tanzi is known for the Tanzi effect, or Olivera-Tanzi effect, which refers to the diminished real value of tax revenues in periods of high inflation due to collection lags. He has served as a consultant to the World Bank and the United Nations and previously taught at George Washington University, Washington, DC, and American University, Washington, DC.

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