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Pandemic Economics

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Pandemic Economics

9781800379961 Edward Elgar Publishing
Peter A.G. van Bergeijk, International Institute of Social Studies, Erasmus University Rotterdam, the Netherlands
Publication Date: March 2021 ISBN: 978 1 80037 996 1 Extent: c 224 pp
Discussing the Spanish Flu, HIV/AIDs, SARS and Ebola against the background of COVID-19, Pandemic Economics demonstrates how scientists consistently warned the world about pandemics, and how, despite this, the possibility of global lockdown caused unprecedented economic policies and ruin. The book prepares for the next pandemic, that unquestionably will arrive, the impact of which is predicted to potentially exceed that of the current Covid-19 wreckage.

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Discussing the Spanish Flu, HIV/AIDs, SARS and Ebola against the background of COVID-19, Pandemic Economics demonstrates how scientists consistently warned the world about pandemics, and how, despite this, the possibility of global lockdown caused unprecedented economic policies and ruin. The book prepares for the next pandemic, that unquestionably will arrive, the impact of which is predicted to potentially exceed that of the current Covid-19 wreckage.
 
Highlighting how economic theory can anticipate a pandemic’s impact despite the uncertainty and unreliability of traditional statistics, Peter van Bergeijk assesses the lack of preparation by international economic institutions and the ability for humanity to deeply hurt the economy by its response to infectious disease. Chapters offer an overview and critical analysis of global non-pharmaceutical interventions and economic policies in response to the Covid-19 pandemic. Looking forward, the book investigates the economic impact, policy (in)effectiveness and resilience in different social contexts, illustrating a pandemic trilemma of health, freedom and the economy. It suggests how to prepare for the next pandemic at the individual level, in city planning, nationally, internationally and globally, with a focus on analysing the impact of pandemics from a global perspective.
 
Pandemic Economics will be a stimulating read for health economics and development studies scholars as it provides a historic overview of the uneven impact of pandemics, with up to date studies of the effect of the Covid-19 pandemic. The forward-looking suggestions for economic policies and preparations for future pandemics will also make this an important read for economic and health policy makers.
Critical Acclaim
‘An entertaining and timely story of past, present, and future problems of Pandemic Economics. The art of economics with lacking data is to select the right model and tools given the circumstances, not develop new ones. Remember Monty Python: nobody expects the Spanish Inquisition! We are aware, but not prepared.’
– Charles van Marrewijk, Utrecht University, the Netherlands

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eISBN: 978 1 80037 997 8
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