The Economics of a Storm

By Catherine Jaime
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Published: Nov. 03, 2012
Words: 1,051 (approximate)
Language: English
ISBN: 9781301751549


Description

What happens when a major storm barrels through an area? In addition to the tragedy of loss of life and loss of property that accompanies so many of these storms, we also see shortages and cries of price gauging. In this short work on the topic, Catherine lays out her argument for why price gauging is not evil, and that artificially maintaining low prices in a crisis situation is not virtuous.

Tags

economics, storm, prices, supply, demand, price gauging, shortages

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