Nice piece by Michael Keenan Gutierrez about eradicating cholera in New
York, largely through public investment in sewers. I think he may have overemphasized
the ability of the wealthy to avoid exposure. Oliver Hicks the president of the
Farmers’ Loan and Trust Company, for instance, died during the 1832 outbreak. The
cynic in me suspects that the deaths of the wealthy may have played a
disproportionate role in promoting public investment. Bob Higgs also emphasized
the importance of public investment in sewers and water filtration as a source
of decreasing mortality in the U.S. in his Transformation
of the American Economy, 1865-1914, which is not only mandatory reading for
anyone interested in economic history, but free. I’m generally not a huge fan
of the Mises Institute, but I thank them for making this book available to so
many people. Here are a couple of tables from the book illustrating the impact
of public investment in sewers and water filtration.
No comments:
Post a Comment