In this new 8 minute YouTube video, I talk through one of the most important insights in modern transportation economics. John Kain and Don Pickrell and Peter Gordon consistently pointed out the bad incentives that urban politicians face for "just saying no" to irreversible, highly costly infrastructure projects. For those who wonder what is the source of my ideas, let me tell you a secret. Listen to this 2005 live Cream concert and your mind will just flow.
My Research and My Books
Popular Posts
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I have moved m y blog over to Substack (and I've lost many readers). Please join me there. Here is a recent column. The Wall Street ... -
Dear Readers, In recent months, I have posted my public writing to my free Substack. I have such fond memories of Google Blogspot, thus...
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I will be teaching Econ 101 at USC this fall. There will be at least 150 students in my class. There are several Principles textbooks I co...
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Demographic trends appear to matter in determining what products we see supplied in markets. The Los Angeles Times sports section yesterday...
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Here is a photo of the 30,000 square foot mansion that he doesn't want to talk about in Florida. As a role model, he should make publi... -
A team of Brown University economists have used lights at night to study economic growth around the world. You can read their paper here. ...
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Some bloggers have suggested that one beneficial role that bloggers offer is helping readers to economize on search costs. We (the bloggers...
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When I was a kid, we would drive out to Queens, NY to see my grandfather. Along the highway, we would drive past the rusting remains of the...
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In 1976, Richard Freeman's book The Overeducated American was published. In a nutshell he argued that the returns to U.S college educat...
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Millions of American workers engaged in Work from Home (WFH) during the pandemic. WFH helped us to adapt to the risk of disease contagi...
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