ABSTRACT

The coronavirus has spread widely around the world, and its impact on the economy has been much greater than expected. It has even caused worries about a “great depression” of the economy in Europe and the United States. Many countries are implementing various forms of social distancing to slow down the spread of the virus. In the early days of the global pandemic, many European and American countries were reluctant to take these measures, and some European countries even hoped to sacrifice some “beloved people” to achieve a “herd immunity” effect. Under the impact of the pandemic, compared with the losses caused by the economic shutdown, whether it is “worthwhile” to contain the pandemic through social distancing to save lives, or how to measure social efforts in this regard, has become a public concern. Affirming the value and necessity of quarantine measures does not mean that macro policies have not responded to the economic problems caused by quarantine measures.