April 7, 2021
Objectives: The present coronavirus crisis shook the modern world as only the world wars have shaken it before. In this review we analyzed the lockdown-based crisis management which was implemented by nearly all the countries, lessons learned and ways to improve the management of similar events in the future.
Methods: The historic experience of previous pandemics was studied. Risk-benefit analysis based on connection of health and wealth was performed. Decision making and crisis management were analyzed from the public choice perspective.