I recently read about an interesting logical fallacy: the Morton's fork fallacy, in which a conclusion "is drawn in several different ways that contradict each other." The original "Morton" was a medieval tax collector who, according to legend, believed that someone who spent lavishly you were … [Read more...]
Review: Key to the City, by Sara Bronin
In Key to the City, Sara Bronin both critiques and defends zoning. Like numerous other commentators (including myself) Bronin points out that anti-density regulations such as minimum lot size and minimum parking requirements artificially increase housing costs. Her critique of the latter … [Read more...]
Hot takes and pensées, #UEA2024
The Urban Economics Association conference is always creative and constructive. Here are a few notes I wrote down, with apologies to the vast majority of researchers who presented work there which I didn't see. Alice Wang showed the most convincing evidence I've read on net costs of urban … [Read more...]
Toward an Erdmann synthesis
Kevin Erdmann has a good op-ed in the Washington Post today, arguing one of the two core points that have defined his work for the past several years: Fannie and Freddie have set credit standards too high since 2007. (His other core point, that "closed access" superstar cities have made it too hard … [Read more...]
Harris’ housing target: Compared to what?
Democratic nominee Kamala Harris has pledged to work towards the construction of 3 million new housing units during her term. Setting aside the methods, what does that mean? And, as she said in a speech last week, would it "end America's housing shortage"? First, it's pretty obvious that Harris … [Read more...]
Are we spiralling into a new dark age? | Analysis and review of Jacobs’ Dark Age Ahead
Jane Jacobs wasn’t optimistic about the future of civilisation. ‘We show signs of rushing headlong into a Dark Age,’ she declares in Dark Age Ahead, her final book published in 2004. She evidences a breakdown in family and civic life, universities which focus more on credentialling than on actually … [Read more...]
Lessons from Cities and the Wealth of Nations: a manual for urban policymakers
Continuing this series of book reviews on Jane Jacobs’ works, I now turn to Cities and the Wealth of Nations. But there is already a fantastic piece on the Market Urbanism website, by Matthew Robare, who reviews this book and outlines what Jacobs overlooks in her analysis. So, this piece takes a … [Read more...]
Lessons from Jane Jacobs on The Economy of Cities
At the heart of Jane Jacobs’ The Economy of Cities is a simple idea: cities are the basic unit of economic growth. Our prosperity depends on the ability of cities to grow and renew themselves; neither nation nor civilisation can thrive without cities performing this vital function of growing our … [Read more...]
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