This post has been released as the first in a four part series: Rent Control Part One: Microeconomics Lesson and Hoarding Rent Control Part Two: Black Market, Deterioration, and Discrimination Rent Control Part Three: Mobility, Regional Growth, Development, and Class Conflict Rent Control Part … [Read more...]
Vending Machine Economics in Japan
Tyler Cowen of Marginal Revolution is in Japan, and is fascinated by the number of vending machines. He takes a minute to ponder on the economics of vending machines in Tokyo.First we must look to the shortage of storage space in homes. I suspect few Japanese want to buy big piles of stuff … [Read more...]
Does Urban Farming Make Sense?
Matthew Yglesias just posted a thought referring to a recent NY Magazine article about skyfarming:Should we build agricultural skyscrapers in-or-near our major cities? It's certainly a cool idea. I think I'm going to put the notion that this is actually environmentally sound and feasible in my … [Read more...]
University of Chicago Creates Milton Friedman Institute
Crain's Chicago Business: U of C honors Friedman with $200M centerEventually, the Friedman Institute will be housed in buildings now occupied by the Chicago Theological Seminary on 58th Street between Woodlawn and University avenues. The U of C is buying the buildings and has agreed to build a … [Read more...]
The High Cost of Trendy Living
An interesting post discussing the economics of why people decide to pay high rents to live in dense urban places.The High Cost of Trendy Living … [Read more...]
Planetizen: Economists vs. Planners? Complements, Not Substitutes
Samuel Staley of The Reason Foundation discusses the relationship between planning and economics at Planetizen:http://www.planetizen.com/node/30142 … [Read more...]