William L. Anderson
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Read latest from Free Cities Center
Misusing ‘externality’ theories to bolster government power
In a recent article, economist Timothy D. Terrell pointed out problems in modern economic theory that deal with what economists call externalities, or spillover costs, noting that in a world in which value is subjective, attempts to find objective ways to allay costs are elusive and generally end in failure.
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Read latest on state's misguided transportation priorities
‘Induced demand’ a poor excuse not to build highways
Economists are known for different worldviews from others, and the gap usually is wide between economists and urban planners. Economist Thomas Sowell famously has said, “There are no solutions, only tradeoffs,” thinking that most planners reject out of hand. One contentious issue separating economists (or at least those that believe
Blog
Biden’s California Economy: Calling for national rent control
When running for president, Joe Biden often praised California’s governance and promised to nationalize many of the state’s policies. While Biden mostly has promoted the state’s infamous Assembly Bill 5, which was an attempt to largely outlaw independent contracting, the president also seeks to mimic the state in another way:
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Mass transit in America: Pipedream or possibility?
A few years ago, when I taught at a university for a term in China, we lived in Changsha, a city of 7.5 million people. Because we didn’t have a car, we depended upon public transportation to get away from our campus and shop downtown. Especially attractive was the gleaming
Blog
Rent control is destroying a city near you
In 1977, President Jimmy Carter stood on a vacant lot on Charlotte Street in the South Bronx, surrounded by empty, burned-out buildings, something reminiscent of Berlin at the end of World War II. The scene looked like something from a scene in “Escape from New York,” but Carter promised he
Read latest from Free Cities Center
Misusing ‘externality’ theories to bolster government power
In a recent article, economist Timothy D. Terrell pointed out problems in modern economic theory that deal with what economists call externalities, or spillover costs, noting that in a world in which value is subjective, attempts to find objective ways to allay costs are elusive and generally end in failure.
Read latest on state's misguided transportation priorities
‘Induced demand’ a poor excuse not to build highways
Economists are known for different worldviews from others, and the gap usually is wide between economists and urban planners. Economist Thomas Sowell famously has said, “There are no solutions, only tradeoffs,” thinking that most planners reject out of hand. One contentious issue separating economists (or at least those that believe
Biden’s California Economy: Calling for national rent control
When running for president, Joe Biden often praised California’s governance and promised to nationalize many of the state’s policies. While Biden mostly has promoted the state’s infamous Assembly Bill 5, which was an attempt to largely outlaw independent contracting, the president also seeks to mimic the state in another way:
Mass transit in America: Pipedream or possibility?
A few years ago, when I taught at a university for a term in China, we lived in Changsha, a city of 7.5 million people. Because we didn’t have a car, we depended upon public transportation to get away from our campus and shop downtown. Especially attractive was the gleaming
Rent control is destroying a city near you
In 1977, President Jimmy Carter stood on a vacant lot on Charlotte Street in the South Bronx, surrounded by empty, burned-out buildings, something reminiscent of Berlin at the end of World War II. The scene looked like something from a scene in “Escape from New York,” but Carter promised he
