Booms, Slumps and Trends

Graham Hallett
Additional contact information
Graham Hallett: University College

Chapter 5 in Urban Land Economics, 1979, pp 83-96 from Palgrave Macmillan

Abstract: Abstract One of the recent failings in the analysis of urban economic problems has been an excessively short-term outlook. As in all other types of economic activity, there are cyclical movements, in the supply, demand and price of urban land and buildings. Politicians and journalists, and even economists from J. S. Mill onwards, have regularly extrapolated recent cyclical movements indefinitely into the future, and based policy prescriptions on this prognosis. The few available studies of long-term movements — of land prices, rents, housing supply, etc. — have usually been undertaken by chartered surveyors and geographers, rather than economists, and have remained largely unknown. Let us summarise some of the evidence available.

Keywords: Interest Rate; House Price; National Income; Construction Cost; Land Rent (search for similar items in EconPapers)
Date: 1979
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04537-2_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349045372

DOI: 10.1007/978-1-349-04537-2_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().