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Yves here. This post takes a contrarian view of the preoccupation with home ownership and argues that single family homes increase inequality and the rate of climate change. Its authors contend that the idea that home ownership reduces inequality is largely a conservative myth. I strongly encourage you to read it in full, with an eye to the notion that knee-jerk reactions against some of its arguments are likely to reflect a personal attachment to the notion of homeownership….which as this piece stresses, is a fairly recent cultural inculcation. No less than the Economist magazine recently ...

On the menu today: a defense of macroeconomics, inflation expectations rising, tech-stock tumbling, and a look at Paul Romer’s paper on technological progress.

America will flourish by beating China at the game at which America has always excelled, technological innovation, not by shooting ourselves in both feet with tariffs. Conservatives can conscientiously support Joe Biden's impulse to stoke America's technological prowess.

Diether W. Beuermann, Kirabo Jackson Friedman (1955) famously argued that giving households freedom to choose schools would improve outcomes, including educational performance. At first pass, this is a straightforward claim, since it extends standard results from markets for consumer goods to education. Yet rigorous empirical work has produced mixed results on Friedman’s prediction. For example, voucher experiments suggest that choice can impact students’ measured skills in ways that are highly positive (Eyles and Machin 2015, Bettinger et al. 2017), modest (Muralidharan and Sundararaman ...

Design, procurement and construction processes have become more complex over time, and the added complications of covid-19 and Brexit have piled on the pressure. Steve Watts of Alinea examines in detail the factors affecting productivity and considers how we can bring about improvements to get more for less 01 / Introduction: the productivity puzzle Life has become ever more complicated, and property development is no exception. It has always been an endeavour with finely balanced risks and rewards, and in which profitability is influenced by a range of factors, some easier to control and pr...