Wednesday, March 28, 2012

Waldman on Yglesias, Avent, and Zoning and Property Rights

Economics blogger Steve Randy Waldman has a fascinating review post on the Interfluidity blog called Zoning Laws and Property Rights.  From the intro: 

A couple of weeks ago, I sat down and read Matt Yglesias’ The Rent Is Too Damned High and Ryan Avent’s The Gated City back to back. Both were a pleasure to read, for their content, and for the opportunity to kick a couple of bucks to two of my fave bloggers behind an ennobling veil of commerce. As an avid reader of both authors’ online work, there were no huge surprises, but reading the ebooks took me deeper and inspired some more considered thought on their ideas. Ryan Avent and Matt Yglesias (and Ed Glaeser too!) are separate humans with their own identities and ideas. But these “econourbanists” share a core view, and I hope they will forgive me if I consider their work together. Although they arrive at a similar place, the two books take very different roads: Avent’s book is a bit wonkier and more economistic, focusing on the macro role of cities in enhancing productivity through economies of scale and agglomeration; Yglesias treats the same set of issues more polemically and with an emphasis on the personal, thinking about how individuals should expect to make a living in an increasingly service-oriented economy, the importance of accessible cities to the kind of prosperity he envisions, and the perils of any obstacle that makes urban life inaccessible (“the rent is too damned high!”). Read both!

This is a long post with extensive analysis of the reviewed work and the authors' own insights.  Waldman is a qualified skeptic of the authors' approaches.  A very insightful essay that grapples with the issues I am trying to address in my own scholarship.  I am glad to add a new term-- "econourbanist"-- to my land use lexicon!  Thanks to Geoff Corn for the link.

Matt Festa

http://lawprofessors.typepad.com/land_use/2012/03/waldman-on-yglesias-avent-and-zoning-and-property-rights.html

Books, Property Rights, Scholarship, Urbanism, Zoning | Permalink

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