Brendan Crain at Where tipped me off to a great post by Ryan Avent at The Bellows. Here's a little snippet of Shortage:For whatever reason, we’re not built to naturally internalize negative externalities. When riding on a crowded highway, no one (no non-economist, at any rate) curses the … [Read more...]
Landmark Incentives
by Sandy IkedaThe other day I was lecturing to my students about externalities and the Coase Theorem. One of the examples I used came directly from the our textbook – Heyne, Boettke, & Prychitko’s The Economic Way of Thinking. It asks what would happen if you tried to declare a large tree … [Read more...]
Talking points on the housing bubble
By Sandy IkedaLast week I spoke to a standing-room-only crowd of students and faculty about the current economic and financial turmoil. I shared the podium with three of my colleagues, who range all the way from far to the left of Barack Obama to very, very far to the left of Barack Obama. … [Read more...]
Market Meltdown and Bailout Videos
Wow! This market is a mess.As a great follow up to his posts at CafeHayek on government's intervention in the housing market, Russell Roberts discusses the situation and bailout with reason.tv:Also...Here's the video from an Economics forum discussion at MIT (my Alma mater) on … [Read more...]
Glaeser: Let Housing Prices Fall
Ed Glaeser gives three compelling reasons why the government should end their infatuation with high housing prices. (Nonetheless, some of the same politicians speak through the other side of their mouths about promoting housing affordability): Why We Should Let Housing Prices Keep FallingThere … [Read more...]
Sun Sets on Culture of Congestion
The New York Sun has decided to close up shop. To Market Urbanists, the greatest casualties are Sandy Ikeda's blog, Culture of Congestion and Ed Glaeser's articles. Sandy's work has inspired me to read Jane Jacobs' books (starting with The Death and Life of Great American Cities), and I plan to post … [Read more...]
Russell Roberts on Government Intervention in Housing
Russell Roberts of George Mason University, CafeHayek, and Econtalk wrote of series of Cafe Hayek posts on the various federal interventions in the housing market:Housing markets without the benefit of hindsightFannie reaches its goals--sort ofZero Down!Fannie and Freddie's other … [Read more...]
The Market, Zoning, and Freedom.
J. Brian Phillips wrote a great post at Houston Property Rights about liberal property rights in Houston, but what Brian had to say applies to every place. Here's a snippet, but the entire post deserves a reading:when developers and builders see a need for greater density, they respond … [Read more...]