BY FROMA HARROP We call events caused by extreme weather “natural disasters” when they hit human-built environments. Had there been no shoreline civilization in Superstorm Sandy’s East Coast path, we would not have called the happening a “natural disaster,” but “nature.” The whole thing would have been little more than an exceptionally rainy day. Wildfires have raced across the American Southwest for always. And until modern firefighting techniques were developed, the thing to do when […]

Moral Hazard And Nature
on