Natural disaster risk maps http://t.co/fXvRR0Fbtf—
Charts and Maps (@ChartsandMaps) April 11, 2015
US natural disasters map
16 Jun 2015 Leave a comment
in economics of natural disasters, politics - USA Tags: maps, natural disasters
San Francisco, after the earthquake, 1906
09 Dec 2014 Leave a comment
in economics of natural disasters, politics - New Zealand, politics - USA Tags: earthquakes, natural disasters, San Francisco earthquake
Gary Becker on the economics of natural disasters
27 Jun 2014 Leave a comment
in economics of natural disasters, Gary Becker Tags: Gary Becker, JS Mill, natural disasters
In the 19th century, John Stuart Mill commented on the rapidity of economic recovery from national disasters and wars. He recognized that nations recover quickly as long as they retain their knowledge and skills, the prime engines of economic growth.
America retains its vast supply of both, which suggests that, contrary to fears, the Sept. 11 attacks are unlikely to worsen the medium- to long-term economic outlook.
The effects of the earthquake that hit the Japanese city of Kobe in 1995 illustrate Mill’s conclusion. This quake destroyed more than 100,000 buildings, badly damaged many others, and left hundreds of thousands homeless. Over 6,000 people died. Estimates place the total loss at about $114 billion (more than 2% of Japanese GDP at the time). Yet it took only a little over a year before GDP in the Kobe region returned to near pre-quake levels.
Utopia, you are standing in it! 
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