In the aftermath of Hurricane Harvey, various armchair quarterbacks were quick to blame Houstons lack of zoning lawsrather than the 50 inches of rain that inundated the area for the unprecedented flooding.
Perhaps Hurricane Irmawhich just ripped through Floridawill help focus attention on a bigger reason the East and Gulf coasts are prone to widespread storm damage: the National Flood Insurance Program.
|Benjamin Powell is a Senior Fellow at the Independent Institute, Director of the Free Market Institute at Texas Tech University. He Independent Institute books include The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy, Housing America: Building out of Crisis, and Making Poor Nations Rich.|
|Phil Magness is a visiting assistant professor of economics at Berry College, Rome, GA.|
Few topics in current affairs are as contentious as immigration. Yet despite the controversies, social scientists who study immigration largely agree about its effects, whatever differences they may have about how a nation should change its policies. Their findings, however, have been buried in academic journals accessible only to other scholarsuntil now. With the publication of The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy, edited by Benjamin Powell, readers can now easily access the substance of the vast scholarly literature about a subject that touches millions of lives.