In The Resilient Society, Brunnermeier (2023) considers lessons from the COVID-19 experience and other large shocks which could not have been anticipated, let alone prevented. He proposes rebalancing our prudential approach towards resilience, reinforcing our capacity to respond to a shock after the primary defences fail. The classic analogy drawn by Aesop, the ancient Greek writer of moral fables, is how thin reeds bend to strong winds without breaking, while strong oaks fully resist a storm

Tag-uri: Coronavirus