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How did San Francisco do what a top economist says New Orleans cannot?
Our latest Nobelist in economics, Thomas Schelling, offered the following advice in the wake of Hurricane Katrina: “There is no market solution to New Orleans. It is essentially a problem of coordinating expectations… . . . → Read More: Repopulating New Orleans  Comments are closed  Essay, Publication  Land economics -- Environment, urban development, urban infrastructure, urban renewal This paper purports to solve a particular kind of problem that characterizes urban expansion and evolution: when replace a collection of individual apparatuses (CIA) with a mass system. Examples include replacing individual septic tanks by sewers, well to public water supply, private cars by mass transit, trash burners by public pickup, coal or fuel . . . → Read More: When to Build What Comments are closed Publication Land economics -- urban, Property taxation, urban development, urban infrastructure MOST OF OUR CENTRAL CITIES, as is now well known, are threatened by a vicious circle which is related to property taxation. As buildings become older, they tend to become fiscal deficits requiring more in cost than they return in taxes. As the central cities age, the buildings become old and fiscal-deficit generators. This . . . → Read More: A Tax Tool for Meeting Urban Fiscal Crisis Comments are closed Publication Deficits, Land economics -- urban, Politics, Property taxation, Tax policy, urban development, urban infrastructure The rapid growth of intensive irrigated agriculture in California is one of the more striking developmental achievements of modern tines. In 1870 California was noted for its cattle, wheat, and inordinate concentration o landholding. Today the highly developed farm areas of California look to the easterner more like gardens, and more like towns than . . . → Read More: Irrigation Districts and Economic Development in the San Joaquin Valley of California: The Role of Land Taxation |