The Political Economy of Hurricane Katrina and Community Rebound

The Political Economy of Hurricane Katrina and Community Rebound

New Thinking in Political Economy series

Edited by Emily Chamlee-Wright and Virgil Henry Storr

In 2005 Hurricane Katrina posed an unprecedented set of challenges to formal and informal systems of disaster response and recovery. Informed by the Virginia School of Political Economy, the contributors to this study critically examine the public policy environment that led to both successes and failures in the post-Katrina disaster response and long-term recovery. Building from this perspective, this book lends critical insight into the nature of the social coordination problems disasters present, the potential for public policy to play a positive role, and the inherent limitations policymakers face in overcoming the myriad challenges that are a product of catastrophic disaster.

Chapter 12: School Choice and Post-Katrina New Orleans: An Analysis

Jeb Bleckley and Joshua Hall

Subjects: economics and finance, austrian economics, public choice theory, public sector economics, environment, disasters, politics and public policy, public choice

Extract

Jeb Bleckley and Joshua Hall1 INTRODUCTION 12.1 The problems facing the city of New Orleans in the wake of Katrina have been well documented (Boettke et al. 2007; Chamlee-Wright 2007). The devastation caused by Hurricane Katrina in August 2005 not only destroyed millions of dollars of property and killed nearly 1500 people (Maggi 2007), it caused much of the heart and the soul of the city – its people – to leave and never return. Consider that in 1840 New Orleans was the third largest US city after New York and Baltimore (Glaeser 2005). Even as late as 1960, New Orleans was in the top 15 in population (Gibson 1998). The US Census Bureau (2007b) estimates place the population of New Orleans at roughly 450 000 in July of 2005. Eleven months after Katrina the Census Bureau put the city’s population at roughly half of its original size (US Census Bureau 2007a). The subsequent two years have seen considerable rebound, and while the most recent population figures show the population of the New Orleans Metropolitan Statistical Area (MSA) at nearly 74 percent of its original size (Brookings Institution 2009), the population of the city of New Orleans is not even back to 60 percent of its July 2005 population (US Census Bureau 2009). While New Orleans is unlikely to achieve the relative stature it once had, it can be a vibrant and dynamic city again if attention is paid to improving its current political, social and economic institutions. One way bad institutions...

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