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An EF-5 Tornado struck Joplin, MO on May 22, 2011, leaving a twenty mile long path of destruction in its wake. An estimated 7,500 homes and over 500 businesses were damaged or destroyed, with damage estimated at up to $3 billion. Joplin has seen a rapid recovery despite the extensive damage. The...
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The failure of economic central planning in the Soviet Union is interpreted as evidence of the impossibility of efficient central planning. But the deficiencies of the Soviet economy might have resulted from other factors, such as Soviet history, culture, leadership, and/or unique circumstances,...
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Spontaneous or emergent orders in human affairs are based upon voluntary interactions among individuals. Yet the physical environment influences the subsequent interactions which occur. While the interactions may be voluntary, the confines of a built environment – physical systems and...
Persistent link: https://www.econbiz.de/10014176995
Joplin, Missouri, and Tuscaloosa, Alabama, were both devastated by deadly tornadoes in 2011, but have pursued different approaches to recovery. Tuscaloosa followed the new normal path of developing a detailed recovery plan, while Joplin eschewed planning and allowed businesses and homeowners to...
Persistent link: https://www.econbiz.de/10013098248