the uncertain economics of disasters, pandemics, and climate change
- Tanzi, Vito
- Cambridge University Press. Cambridge, 2022
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 ...