Tag: economics of disaster recovery

The Cajun Navy at the Prow: How Civil Society Responds to Disaster

September 22, 2016 | Post

Because the Cajun Navy consists of local volunteers who operate “on the ground” (or above the ground, on the water), they have access to local knowledge that other entities do not. Economist F.A. Hayek’s claim that knowledge is both dispersed and specific to time and place requires that we consider how various institutional structures are able or unable to make use of knowledge.