Posts Tagged ‘municipal spending’

  • How much should cities plan for the storm of the century?

    Opportunity Cost: Preparing for Sandy and Katrina

    Dec 22, 12 • 118 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Economic History, Environment, Government, Households, Macroeconomic Measurement, Regulation, Thinking EconomicallyNo Comments

    After every storm of the century, we ask why we didn’t prepare sufficiently. For Katrina it was better levee protection. And now, for Sandy, I just heard that the PATH–underground trains between NJ and NYC–had 4 foot flood gates (some news...