I need help with this one. Is this a phenomenon of statistical cherry-picking or a true trend that should worry us?New York Observer - A Yoke for the White Collar New York’s college grads now hustle for jobs paying 1970s wages. Meet their coping mechanism—massive debt!A younger New Yorker … [Read more...]
Subsidies and Taxes Favor Owning Over Renting
Paul Krugman asks a question that has been addressed at Market Urbansim:But here’s a question rarely asked, at least in Washington: Why should ever-increasing homeownership be a policy goal? How many people should own homes, anyway?Listening to politicians, you’d think that every family … [Read more...]
Want Density? Turn the Free Market Loose
Matthew Yglesias - What Price Density The solution, as Ryan Avent says, is to build denser communities. We ought to build more transit infrastructure, of course, but it's cheaper to use what we already have more intensively. And, of course, it's more practical to build new infrastructure if there's … [Read more...]
Thank you Lynne Kiesling
Yesterday, Lynne Kiesling of Northwestern University encouraged readers of her popular economics blog, Knowledge Problem to visit Market Urbanism.The link generated the highest day of traffic to date. I hope visitors find Market Urbanism interesting and return often. Thank you for visiting … [Read more...]
Market Urbanism Debuts at #196 on Economics Blog Ranking
26econ.com keeps a ranking of top Economics Blogs, and Market Urbanism debuts at 196/255. Not bad for one month online..... Here is the announcement of new additions to the rankings: New Economics BlogsThanks to loyal readers. Hopefully, Market Urbanism will move up the rankings quickly. … [Read more...]
Rent Control Part 1: Microeconomics Lesson & Hoarding
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...]