Fragile Futures

The Uncertain Economics of Disasters, Pandemics, and Climate Change

Fragile Futures
Vito Tanzi
RRP:
NZ$ 40.95
Our Price:
NZ$ 36.86
Hardback
Not defined - 256pg
19 May 2022 UK
International import eta 7-19 days
9781009100120
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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.
' This is the most thorough and intelligent review of the western world' s economic development, corresponding intellectual debates, and lines of thoughts in economics and public policy from the end of World War I to the present that I have seen. ' Hans-Werner Sinn, University of Munich ' A fascinating discussion of why governments may sometimes aggravate the problems they set to solve. Read it if you want to reflect upon the role of the public sector in modern economics. ' Alberto Alesina, Harvard University
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.
Status: Active
ISBN-13: 9781009100120
Published: 19 May 2022
Published In: United Kingdom
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Format: Hardback
Pages: 256

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