The Economics of Pandemics and Quarantines

First, it is necessary to point that pandemics have, since the 19^th century, fallen in importance. For example, a 2006 article in Emerging Infectious Diseasescompared the influenza epidemics of 1918, 1951, 1957 and 1968 in England, Wales, Canada and the United States and found that death rates at each outbreak kept falling relative to the previous one.