FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Sunday, July 21, 2019

Two problems with opportunity cost

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If there is one idea that defines economics, it is opportunity cost. Unfortunately, muddled thinking about this idea means that across the ...
2 comments:
Monday, June 10, 2019

The bathtub analogy of housing supply

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Many people hold the view that rezoning land to allow higher density residential uses on each plot will accelerate the rate of city housing ...
4 comments:
Monday, May 20, 2019

Rising home prices reduce the willingness to supply homes

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TL;DR There is a major flaw in the idea that high prices stimulate more housing supply. It is that high price growth itself decreases the...
4 comments:
Monday, April 22, 2019

Three Economic Myths about Ageing: Participation, Immigration and Infrastructure

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Leith van Onselen and I were commissioned by the Sustainable Australia Party’s Victorian branch to examine the causes and implications of po...
Sunday, March 24, 2019

High home prices jack up rents

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In traditional economic thinking, the interaction an independently determined supply and demand for rental housing set the market rental pri...
11 comments:
Monday, February 4, 2019

Using economics to justify our fears: The case of ageing and holidays

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One of the great myths in economics is that there are substantial negative impacts from population ageing. But there is no economic basis fo...
2 comments:
Sunday, December 9, 2018

Solving the housing supply mystery

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Static thinking creates the mystery A famous 1999 article in the The Journal of Real Estate Finance and Economics was entitled Why don...
5 comments:
Tuesday, November 20, 2018

Unpopular Economic Opinions

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I was an illogical ideologue I recall many heated political and economic discussions with Paul Frijters when I started my PhD. In retrospe...
2 comments:
Tuesday, November 13, 2018

Bad economics of the stamp duty discourse

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This is an expanded version of an article first published at The Conversation .  Most think-tanks and policy groups in Australia think tha...
12 comments:
Sunday, November 11, 2018

A housing jubilee and lottery to solve affordability

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People fuss over housing being expensive without ever really thinking about what their ideal world would be. My ideal world is one where...
3 comments:
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