How can an earthquake be good for a country? If it is a developed country, it seems that reconstruction can offer benefits through improved infrastructure and upgraded technology. Have a look at this article, also from the New Yorker (28th March 2011). I like the 'broken windows' fallacy that is given from Frederic Bastiat (19th century economist): the idea that breaking windows is economically useful, becuase it makes work for glaziers!
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