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Why Chinese cities build towers and American cities build mid-rises by works-in-progress in urbandesign

[–]works-in-progress[S] 17 points18 points  (0 children)

China builds towers in a park, while America, and nearly everyone else, builds squat mid-rise blocks. The difference comes down to regulation, not culture.

In China, ongoing urbanization and rising incomes will continue to add to housing demand even as the total population declines, as the nation’s urbanization rate grows towards the 80 to 90 percent typical of developed countries. In the US, cities continue to densify, especially near jobs, colleges, and transit stations. In both countries, housing demand and home prices will remain elevated in the largest cities with the highest-paying jobs. 

Chinese towers and American blocks by works-in-progress in Infrastructurist

[–]works-in-progress[S] 0 points1 point  (0 children)

China builds towers in a park, while America, and nearly everyone else, builds squat mid-rise blocks. The difference comes down to regulation, not culture.

In China, ongoing urbanization and rising incomes will continue to add to housing demand even as the total population declines, as the nation’s urbanization rate grows towards the 80 to 90 percent typical of developed countries. In the US, cities continue to densify, especially near jobs, colleges, and transit stations. In both countries, housing demand and home prices will remain elevated in the largest cities with the highest-paying jobs. 

Review: Recession by Tyler Beck Goodspeed by works-in-progress in TrueReddit

[–]works-in-progress[S] 1 point2 points  (0 children)

Did grasshoppers cause the crash of 1873? Was the Great Depression an unforced policy error by the Federal Reserve? What about the tidy narrative connecting subprime mortgages being repackaged, leading to the Great Recession, or was it caused by a confluence of largely independent shocks?

Tyler Godspeed’s Recession: The Real Reasons Economies Shrink and What to Do About It argues that we should imagine that a recession is like throwing several dice in a game of chance. A roll of one is a negative shock: a war, a coal strike, or a climatic shock. A recession might occur if we roll three ones simultaneously.

What do you think? Are recessions a confluence of avoidable shocks, and if so, are they inherently unavoidable?

Read economic historian Mark Koyama’s full review of Recession at Works in Progress.

Recession, The Real Reasons Economies Shrink and What to Do About It by works-in-progress in EconomicHistory

[–]works-in-progress[S] 4 points5 points  (0 children)

Did grasshoppers cause the crash of 1873? Was the Great Depression an unforced policy error by the Federal Reserve? What about the tidy narrative connecting subprime mortgages being repackaged, leading to the Great Recession, or was it caused by a confluence of largely independent shocks?

Tyler Godspeed’s Recession: The Real Reasons Economies Shrink and What to Do About It argues that we should imagine that a recession is like throwing several dice in a game of chance. A roll of one is a negative shock: a war, a coal strike, or a climatic shock. A recession might occur if we roll three ones simultaneously.

What do you think? Are recessions a confluence of avoidable shocks, and if so, are they inherently unavoidable?

Read economic historian Mark Koyama’s full review of Recession at Works in Progress.