John Stuart Mill observed that countries recover speedily from wars, famines, floods, and earthquakes, and the key condition enabling speedy recovery is the free flow of labor and capital into the crisis area—provided there is not complete depopulation.

causalpending

Speaker

Peter Boettke

Evidence Quote

the main one is the the idea of the free flow of labor and capital that come flowing into environments of crisis and stuff... that allow you to rebuild fast and recover

Source

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

My Notes

Loading notes...