Chapter Five of my new Fundamentals book  is titled; "Where Do People Choose to Live Across and Within Cities?".  The chapter begins by introducing the key concept of revealed preference.  Intuitively, economists learn about your desires and priorities from the costly choices that you make.

This will be a blog post about durable capital, expected present discounted value calculations and endogenous depreciation and the efficient markets hypothesis.  My point is that only real nerds will want to read this.  But, I will be talking about $60 Trillion Dollars.

Whether the price of my book is $0 or $2 tomorrow, you will still gain some consumer surplus if you buy my new "classic" Fundamentals of Environmental Economics.

Take a look at this article about the demand for safe baby food by Chinese parents.

The law of demand will be tested today.  You can get my Fundamentals of Environmental Economics for a price of $0 today at Amazon.

In this post, I preview chapter 3 of my new $2 Amazon book; Fundamentals of Environmental Economics.   Chapter 3 takes a sober look at the role that government plays in determining urban quality of life and mitigating urban environmental externalities.

This blog post sketches the contents of Chapter Two of my new book; Fundamentals of Environmental Economics.  This $2 e-book can be read as a "popular book" about free market environmentalism or as a textbook.

Now that I've sold 31 copies of my $2 Amazon book Fundamentals of Environmental Economics,  I'm going to try a little bit harder to market this book.  I've set the price extremely low in order to attract some readers and to set a precedent in disrupting the expensive textbook market.

I made my first trip to Singapore last July and at the end of August I will return as I will be spending some time visiting NUS.  I look forward to seeing my old friends and talking to more people about what's new in Singapore.

In the NY Times, Yale's Nicholas Christakis presents some new ideas for shaking up the social sciences at leading universities.

Amazon is now selling my new book; Fundamentals of Environmental Economics: Solving Urban Pollution Problems for $2 a copy.

First, this Wall Street Journal piece talks about my 2005 RESTAT disasters paper.  I like that! Second, did you know that Mercedes Benz has a driving academy?   A young driver just slowly rolled past my Little Holmby house in a nice training car.

The LA Times reports that a group of teenagers targeted Hollywood to rob tourists because they believed that the police were concentrating their attention on the Crenshaw District because of lingering effects of the Zimmerman Trial.

Has New York City become too nice of a place to live?  In this piece, Emily Badger embraces a Goldilocks point of view.  If New York City real estate is porridge, then the "porridge is too hot".  Ms. Badger bemoans that New York City renters are being priced out of their city.

This webpage  offers a quick refresher course on the role that amenities and local labor market opportunities play in explaining real estate prices across different areas of the United States.

While behavioral economists dismiss "rational expectations, there are some important economic actors with a strong incentive to discover accurate assessments of the probabilities of future events.  The insurance industry is investing in forecasting because it has the right incentives to do so.

The NY Times has a long piece about China's Communist Party (CCP) forcing its farmers to urbanize.  This will be an interesting test of the Roy Model (i.e comparative advantage and sectoral choice).

MIT's Michael Greenstone and co-authors have published an important paper in PNAS documenting that "coal kills".   This finding is based on a natural experiment from China where cheap winter heating was made available in certain geographic areas.

In Beijing and Shanghai, I smelt much smoke and encountered many smokers at the 5 star hotels that I had the opportunity to visit.  While I stayed in a non-smoking room, my room was not smoke free.

At my age, I now have a lot of co-authors.  Here is a photo of three of them that I took in Shanghai.  From left to right, you see three young stars named;  Weizeng Sun,  Jianfeng Wu and Cong Sun.

I am back in Los Angeles after spending ten days in Beijing and Shanghai.   In Beijing,  I participated in a NBER-CCER conference and made many new friends at Peking University.  I worked with my co-authors at Tsinghua University and toured the Great Wall and the Forbidden City.

I've been in China the last ten days.  Shanghai is an exciting city which appears to offer higher quality of life than Beijing.  While I traveled, I read the English newspapers.   The China Daily is a fun paper to read as it presents a focused Chinese leadership perspective on world issues.

My Research and My Books
My Research and My Books
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