'Rethinking the Economics of Land and Housing' has been included in the Financial Times Best Economics Books of 2017. The full list, compiled by Chief Economics Commentator Martin Wolf, is available on the Financial Times website. "The removal of land (defined as location) from the canonical neoclassical model of the economy was, argues this thought-provoking book, an … Continue reading Rethinking the Economics of Land and Housing features in Martin Wolf’s best books of 2017
This article was originally published at openDemocracy. One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero sum game. The beauty of a capitalist economy, we are told, is that people who work hard can get rich … Continue reading It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory
I was interviewed by Real Media about the roots of Britain’s housing crisis, the polarising effect it is having on society, and what can be done to fix it.
This article was originally published at openDemocracy. The UK, along with many other advanced economies, is facing a major housing affordability crisis. Average house prices are now on average nearly eight times that of incomes across England and Wales, and up to 39 times in parts of central London. A whole generation finds itself priced out of … Continue reading To solve the housing crisis, we need to fix our broken land economy
This article was originally published at openDemocracy. Jeremy Corbyn’s proposal to requisition empty houses in Kensington in aid of those made homeless by the Grenfell tragedy has been met with somewhat of a backlash. The Telegraph says that Corbyn's “land grab” is the first step towards tyranny. Rupert Myers, political correspondent at GQ magazine, says that “the state shouldn't seize private … Continue reading Theresa May has prioritised the rights of absentee landlords over the Grenfell victims
This new policy briefing highlights the role of land in the economy and its impact on the housing crisis. We provide a series of recommendations designed to put land to better public use and to start to break the housing market’s dominance over our economy.
Figures released today show that parents are set to lend more than £6.5bn this year to help their children get on the property ladder, making the ‘Bank of Mum and Dad’ the UK’s ninth-biggest mortgage lender. The figures are revealing: a further, troubling sign that the UK’s broken housing market is driving a wedge through society.
The Financial Times' Kate Allen describes 'Rethinking the Economics of Land and Housing' as "a lucid exposition of the dysfunctional British housing market."
Our financial system is hooked on the buoyancy of an unsustainable housing market. Homes routinely ‘earn’ more than people do. How did we get here? And is this actually ever going to change?
I discuss my new book Rethinking the Economics of Land and Housing in a new podcast with openDemocracy's Adam Ramsay.