FET (old posts)

Let us start by assuming that the property system is competitive and see how far that gets us in making sense of property pricing. After all...

Yes In My Back Yard (YIMBY) is the belief that more housing density in your neighbourhood is good. But I argue that almost nobody who makes ...

1/8 One year ago, the left-leaning government of Berlin introduced unprecedented rent controls. Lots of economists warned against it. So wha...

In a podcast interview with the terrific Joseph Walker, geneticist Robert Plomin said something that stuck in my mind—"in a meritocrac...

George was concerned that property owners gained all the economic rents. But his logic relies on a quite arbitrary and limited concept of pr...

Anthony Downs and various others made the observation that “the equilibrium speed of car traffic on a road network is determined by the ave...

NOTE: This post was written in November 2020 for a magazine that later decided it was too controversial. Some notes to reflect new informati...

My report on superannuation came out at the beginning of 2020. One of the main arguments in that report is that Australia’s superannuation ...

After the global financial crisis of 2008 the Australian government responded with a large fiscal stimulus. Initially worth about $10 billio...

The sale price of homes is not the economic price of housing. Prices, in the economic sense, are the relative cost of consuming newly-produc...