Uncle Jack sings the Marseillaise

I only met Uncle Jack a few times, towards the end of his life, in his family home in Dagenham, but he’d featured in our oral history – how in 1914, to the dismay of his Kier Hardy admiring mother*, he’d joined up along with his brother.  He only just survived the war, having been left for dead, at Loos I think, and when I met him, the form of his head wound was plain under his thinning hair.  Jack’s family socialism also survived, but it would seem with different emphases from his mother’s. Continue reading Uncle Jack sings the Marseillaise

What to read about financial bubbles and crashes?

So asks @TimHarford today, linking to a reading list proposed by Noah Smith

“Panics and Bubbles” reading list

itself a comment on another proposed reading list by Tony Yates,

If I was devising a panics and bubbles course…

which, while commended, is criticised for being too focused on ‘macro and money-based models, usually with rational expectations’. Continue reading What to read about financial bubbles and crashes?

Housing expenditure – overlooked and undertaxed

This is a follow up to an earlier post, Since housing is economically a luxury good, why not tax it more?, where the argument was based on a longitudinal study.  For this I am endebted to @RichGreenhill for pointing me to an ONS spreadsheet showing expenditure by income decile, which can be downloaded here. Continue reading Housing expenditure – overlooked and undertaxed

If it wasn’t for the Nimbies inbetween

More evidence that capitalism wouldn’t be so bad if it wasn’t for the Nimbies inbetween.

This graph from Matthew Rognlie’s paper disaggregating Piketty’s overall story of increasing returns to capital is well known (although not as well known as it should be …)

Deciphering the fall and rise in the net capital share

But today I saw this analysis of the impact of ‘closed access cities and states’ in the US

Housing, A Series: Part 77 – Housing is defining politics and the repercussions are dreadful

Kevin Erdman writes

It is frequently noted that American politics have become more angry and more bifurcated.  The housing supply problem has its fingers in many of our problems, and I believe it includes this.  Bear with me here.  This might become a long post, but I think the implications may be surprising.

so I’ll leave it there, but please do follow the link.

As for the title – it’s an obscure reference to the old Music Hall song which somehow seems relevant, but I’m not exactly sure how …

Grown up anthropology

I’m rescuing this post from the now restricted access part of my local Forum for the sake of recording my appreciation of anthropology as a subject, having also, more recently, been reading Karen Ho’s ‘Liquidated’, reviewed here by Gillian Tett.  I hope to blog about that sometime.

In the meantime, if any economist friends think I’m going over to the dark side, in taking anthropology seriously, please do not worry; I think anthropologists need to take economics seriously as much as the other way round. Continue reading Grown up anthropology