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The Economics of Covid-19

Hardback

The Economics of COVID-19

Implications of the Pandemic for Economic Thought and Public Policy

9781800377219 Edward Elgar Publishing
Imad A. Moosa, Adjunct Professor of Finance, Faculty of Finance and Banking, Ton Duc Thang University, Vietnam
Publication Date: November 2021 ISBN: 978 1 80037 721 9 Extent: 256 pp
This timely book explores the neglected risk in the advent of the COVID-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events.

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This timely book explores the neglected risk in the advent of the COVID-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events.
 
Challenging the very heart of modern nation states, Imad Moosa comprehensively demonstrates how the pandemic has shed light on existing structural problems that have been ignored by neoliberal governments and policymakers. The author highlights the implications of the pandemic for democracy, militarism and international relations, as well as its impact on healthcare, inequality, human rights, poverty and homelessness. Drawing on theoretical insights and empirical evidence, Moosa emphasises the importance of sustained government intervention in economic activity at a time in which the free market doctrine has failed to restore equilibrium and deliver prosperity after an international financial shock.
 
A radical and decisive intervention in contemporary economic thought, this book is crucial reading for scholars and researchers in economics and political science, particularly those focusing on the fallout of the COVID-19 pandemic and global economic recovery. The book’s empirical insights and key policy recommendations will also benefit policymakers in public health and economics.
Critical Acclaim
‘Here, finally, is a lucidly written book about COVID-19. It charts the origins and development of the virus, and provides a statistical measurement of the severity of the disease. The pandemic is shown to represent both a challenge and an opportunity for change, and the public policy responses to COVID-19 are detailed and credible solutions offered. Extensively referenced with numerous graphs and diagrams, this book will become the resource text for all who want to discover everything about COVID-19.’
– Bob Brownlee, La Trobe University, Australia

‘For the global community wanting to understand the economic causes and effects of the pandemic, this book is the one to read. Professor Moosa thoroughly analyzes the economics of pandemics and public policies developed to deal with those pandemics. Moreover, the book delves into a new way of thinking for approaching the serious challenges facing human kind.’
– Mohaned Talib Al-Hamdi, Kansas State University, US
Contents
Contents: Preface 1. The economics and epidemiology of epidemics and pandemic 2. Measures and determinants of the severity of COVID-19 3. The effects and consequences of COVID-19 4. Public policy response to the pandemic 5. Implications for democracy, militarism and international relations 6. Rethinking the free market doctrine 7. Rethinking the principles of the Washington Consensus 8. Rethinking healthcare and welfar 9. Rethinking the status quo 10. Epilogue Index
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