Serious investment thinking that doesn’t take itself too seriously.
Our professorial contributors illuminate the latest academic research in real estate and economic policy
Back in July, I was invited to give a keynote speech at an international conference we hosted in Cambridge. In it, I took the opportunity to look back at Cambridge economics a hundred years ago; 1920s Cambridge economics means Keynes, of course. The 1923 book “A Tract on Monetary Reform” contains...
Suppose you lent someone $100 and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower to have kept his promise and contractual...
Rising interest rates are of concern for global economists and practitioners, as an increasing level of government bonds have been employed throughout the world during the Covid...
By ignoring the wisdom of those with more experience, we end up repeatedly revisiting the same issues. “History repeats itself over and over again, but most of us have short...
As a once-devout environmentalist, I have a T-shirt with a slogan heavily used by activists. Often credited to the Abenaki Alanis Obomsawin, it speaks directly to our...
'The future is not some place we are going, but one we are creating.' John Schaar, Legitimacy in the Modern State (1981). The last year has been a challenge for the property...
China is close to launching nine infrastructure REITs to finance national infrastructure projects (eg, industrial parks, warehouses, tollways, sewage plants) for the first time,...
Tax increases are bad fiscal policy, but that doesn’t necessarily mean that they are politically unpopular. Indeed, many voices in the establishment...
I’m a heretic in a world where environmentalism is a leading religion. I think it’s OK to use a lot of paper and I generally ignore the little exhortation at the bottom of so...
China is huge: 1.4 billion people live in a country covering 3.68 million sq mi, with over 850 million people living in cities. Half of this urban population resides in roughly...