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

by Vito Tanzi
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Current price ₹1,635.00
Original price ₹2,156.00
Original price ₹2,156.00
Original price ₹2,156.00
(-24%)
₹1,635.00
Current price ₹1,635.00

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Book cover type: Hardcover
  • ISBN13: 9781009100120
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 256
  • Original Price: USD 22.0
  • Language: English
  • Edition: N/A
  • Item Weight: 499 grams
  • BISAC Subject(s): Development / Economic Development

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.

Tanzi, Vito: - Dr. Vito Tanzi has been Professor and Economic Chair at American University, Director for 20 years of the Fiscal Affairs Department at the IMF, and Undersecretary for Economy and Finance in the Italian Government. He is Honorary President of the International Institute of Public Finance (IIPF) in Munich, Germany.

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