Pandemic, Crisis and Intervention

Keywords: Pandemic, Economic Crisis, Intervention, Economy, Quarentine

Abstract

This article aims to explain the economic consequences of a pandemic, a circumstance in which the advent of the crisis is not endogenously induced by the financial system. The analysis is divided into two parts. The first one will be focused on the effects that a contagious and deadly disease has on the economic agents' valuation scale and on their time preference and how this is responsible for distorting the productive structure and giving rise to an economic crisis. Then, we will analyze the most common types of intervention in times of pandemic, such as quarantine, maximum price setting, bailing out companies and subsidies to certain agents. In this way, it is intended to explain how the use of these policies end up aggravating the tragedy and how the State should act in this scenario.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

References

BAGUS, Philipp. The COVID-19 Crisis Is Driving the EU to the Brink. Publicado pelo Mises Institute em 25 de abril de 2020. Disponível em: <https://mises.org/wire/covid-19-crisis-driving-eu-brink>. Acessado em: 10 de junho de 2020.

BOLOGNA PAVLIK, Jamie & GELOSO, Vincent. Economic Freedom and the Economic Consequences of the 1918 Pandemic. Publicado pelo SSRN em 22 de maio de 2020. Disponível em: <https://ssrn.com/abstract=3608178> ou <http://dx.doi.org/10.2139/ssrn.3608178>. Acessado em 18 de julho de 2020.

HAYEK, Friedrich August von. Prices and Production. Nueva York: Augustus M. Kelly, 2ª Ed., 1967.

HICKS, John Richard. Capital and Time: A Neo-Austrian Theory. Oxford: Clarendon Press, 1ª Ed., 1973.

HUERTA DE SOTO, Jesús. Dinero, Crédito Bancario y Ciclos Economicos. Madrid: Unión Editorial, 4ª Ed., 2009.

HÜLSMANN, Jörg Guido. What Causes Moral Hazard? The Free Market, Vol. 26, No. 4 (abr. 2008): 1-6.

MISES, Ludwig von. Ação Humana: Um Tratado de Economia. Trad. Donald Stewart Jr. São Paulo: Instituto Ludwig von Mises Brasil, 3ª Ed., 2010.

ROTHBARD, Murray Newton. Governo e Mercado: A Economia da Intervenção Estatal. Trad. Márcia Xavier de Brito & Alessandra Lass. São Paulo: Instituto Ludwig von Mises Brasil, 1ª Ed., 2012.

Published
2020-12-03
How to Cite
1.
Cantaluppi Plá M. Pandemic, Crisis and Intervention. MisesJournal [Internet]. 2020Dec.3 [cited 2021Jan.26];8. Available from: https://revistamises.org.br/misesjournal/article/view/1330