Revisiting the mathematics of economic expectations

The below presentation by Dr Ole Peters opened my mind. If there was one thing I believed was reasonable about economics, it was assumption that expectation values upon which agents base their decisions are the “ensemble mean” of a large…

Decent criticisms of economics? Here are 111 of them.

Rising home prices reduces the willingness to supply homes

It pays to hold land undeveloped rather…

Throw out the standard urban economics model

If we want to understand urban development our models of it must at least feature the process of development. But in urban economics no one seems to care.

There is no economic rationale for compulsory superannuation

Will the current debate about housing and super finally reveal this economic truth?

A housing supply absorption rate equation

You are a housing developer with a large plot of land on…

Missing middle housing? Blame economics, not planning