Monday, July 11, 2005
Terror attacks - why?
Posted by David Smith at 12:05 PM
Category: Thoughts and responses

With due respect to my own piece below, economics always runs the risk of sounding inappropriate or feeble when it comes to terror attacks. We cannot deal adequately with the loss of life and human tragedy, and we cannot offer good explanations for why these things happen. They are treated, in the jargon, as an external shock, the question being how the economy responds to them. This piece, by Brian Walden, is better than anything else I have read on the London attacks.