1. The disaster cycle -- 2. Hurricane Katrina : a classic natural disaster -- 3. The first World War -- 4. The Great Depression -- 5. Mining disasters -- 6. Tobacco -- 7. The twin financial disasters of the early twenty-first century -- 8. Conclusion.

The 'Chicago Price Theory' approach to economics has been credited with shedding light on many fundamental questions relating to traditional economics and renowned scholars including Milton Friedman, Frank Knight, George Stigler, Jacob Viner and others have each played a key role in the...