Vigdor, Jacob - In: Journal of Economic Perspectives 22 (2008) 4, pp. 135-54
On August 29, 2005, Hurricane Katrina swept into Louisiana and New Orleans, a city built largely on land reclaimed from swamp, witnessed massive failures in its levees. Much of the city and its surrounding suburbs were inundated; those residents of the city who had not heeded warnings to flee the...