Economics Blog Carnival
I've selected 2 post for this week's economics blog carnival; ironically they are from different sides of the political spectrum.
Firstly, a thoughtful post at Enviro Human about the impact of $4.00 gas. Some useful points, including a mention of how many developing countries are subsidising oil. This is an interesting point and explains why demand is continuing to rise despite the rising prices. Although there is a dispute about the amount of speculation behind oil prices, the article makes interesting reading.
Interestingly, the price of petrol in the UK is about £1.20 or $2.40. As 1 US gallon = $4.00. The cost of petrol in the UK is effectively $9.08! per gallon
From the other spectrum of the political spectrum we have A post by Urbanism Legend on are developers Greedy? I don't actually agree fully with the article because I think developers ignore the impact on the environment. However, I do agree that there is a lot of NIMBY when it comes to planning. People agree the need for building more houses (in the UK anyway) but, nobody wants them built near their house. A motive is the fact that existing homeowners have an incentive to maximise the existing value of their homes by stopping new homes being built. It is a classic example of insider / outsider. The insiders here are the homeowners, the outsiders are the people wanting to buy a house in the area.
See also: Why is there a housing shortage in the UK?
If you want to submit an article to the carnival of economists you can here I'm quite selective about articles published.
Other interesting Economics links
Firstly, a thoughtful post at Enviro Human about the impact of $4.00 gas. Some useful points, including a mention of how many developing countries are subsidising oil. This is an interesting point and explains why demand is continuing to rise despite the rising prices. Although there is a dispute about the amount of speculation behind oil prices, the article makes interesting reading.
Interestingly, the price of petrol in the UK is about £1.20 or $2.40. As 1 US gallon = $4.00. The cost of petrol in the UK is effectively $9.08! per gallon
- Comparatively American petrol is cheap UK petrol is relatively expensive.
- Higher oil prices and marginal consumption
- How To deal with higher oil prices
- Why is the price of oil rising
From the other spectrum of the political spectrum we have A post by Urbanism Legend on are developers Greedy? I don't actually agree fully with the article because I think developers ignore the impact on the environment. However, I do agree that there is a lot of NIMBY when it comes to planning. People agree the need for building more houses (in the UK anyway) but, nobody wants them built near their house. A motive is the fact that existing homeowners have an incentive to maximise the existing value of their homes by stopping new homes being built. It is a classic example of insider / outsider. The insiders here are the homeowners, the outsiders are the people wanting to buy a house in the area.
See also: Why is there a housing shortage in the UK?
If you want to submit an article to the carnival of economists you can here I'm quite selective about articles published.
Other interesting Economics links
Perma Link | By: T Pettinger |
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2 Comments:
Thank you for including my "Urbanism Legends" post on "Greedy" Developers.
I agree that self-interested developers often care less about the environmental impact of their development than they do the desires of their customers. However, the self-interested developer who builds densely usually burdens the environment less than the zoning-induced sprawl desired by current home owners.
Higher density development uses land more economically, which lessens the burden on natural lands. Density enables closer proximity among homes, jobs, and services. Denser infill development also makes transit and walking more feasible. Thus, I argue that a self-interested developer helps lessen automobile dependency and uses land more responsibly than as-of-right development of typically mandated zoning laws. This is despite good intentions of NIMBY activists who push to encourage automobile use by mandating minimum parking requirements and lower density development.
Thanks again for sharing my post, and sharing your thoughts on it.
Adam
marketurbanism.com
I agree, high density housing is the best way to reduce impact on environment. Thanks Adam.
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