Overview

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.

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9781800379961

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Reviews

'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

'Although Pandemic Economics originates from and is projected for the economic profession, it fits into a broader specter of emerging literature on the Covid-19 pandemic and public policy. It also strongly evokes the lessons from the scholarship on behavioral economics. Therefore, if, as van Beregijk insists, the next pandemic is a certainty - only its timing is uncertain, then a broad range of social scientists will benefit from reading this monograph.' -- Ian Ezerin Ian, International Social Science Review 'Highly recommended. All readers.' -- E P Hoffman, CHOICE 'If you want to understand how the current Covid-19 pandemic will reshape economies this is the book for you. The book takes us on a rollercoaster journey through past pandemics, the current pandemic and looks to the future. Hold on to your hat. A fascinating insight into where the world has been and is heading.' -- Andy Sumner, King's College London, UK 'Brilliantly narrated, Pandemic Economics provides the evidence that policymakers should have been better prepared for Covid-19 and the insights on how to strike a better balance between the protection of lives and livelihoods. As it may well happen again, this is a must read now and time again.' -- Rob Vos, International Food Policy Research Institute, US and the International Institute of Social Studies, the Netherlands '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

Author Information

Peter A.G. van Bergeijk, International Institute of Social Studies, Erasmus University Rotterdam, the Netherlands

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