Social recovery from crisis depends on three interacting structures—political/legal, social/cultural, and economic/financial—modeled as a three-legged barstool: if any leg is weak, the weight of a crisis topples the whole system.

causalpending

Speaker

Peter Boettke

Evidence Quote

if each of the three legs is not strong when you put the weight of a crisis on the system that barstool will topple over

Source

Peter Boettke on Hurricane Katrina and the Economics of Disaster 12/18/2006EconTalk
Created: 6/17/2026, 10:29:22 AM

My Notes

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