Richard's Real Estate and Urban Economics Blog

Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.

Tuesday, December 30, 2014

Is Houston really vulnerable to recession? {Updated answer: maybe}

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So after reading Paul Krugman's prediction that Texas was vulnerable , I did two things I should have done before. First, I looked to...
Monday, December 29, 2014

The limits of knowledge in economics, Part V

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How much does it cost you to live in your house?  If you are a renter, the answer to that question is fairly straightforward (although if y...
Saturday, December 27, 2014

Is Houston really vulnerable to recession?

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My inbox is filling up with dire warnings about the near-term future of Houston's economy.  After all, the price of oil has dropped by ...
Friday, December 26, 2014

The limits of knowledge in economics: Part IV

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The workhorse model of international trade is the  Heckscher-Ohlin Model.  It is essentially the model that formalizes the Ricardian model...
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Wednesday, December 24, 2014

The limits of knowledge in economics, Part III.

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Economists think a lot about preferences, and are more interested in what people do, instead of what people say they will do. When people m...
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Tuesday, December 23, 2014

The limits of knowledge in economics, Part II

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Everyone--and I mean everyone--who does empirical analysis should read Charles Manski's Identification Problems in the Social Sciences ...
Monday, December 22, 2014

The limits of knowledge in economics, Part I.

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I rather like this paragraph from Ed Leamer's Journal of Economic Perspectives piece on the utility and limits of econometrics: Fin...
Thursday, December 04, 2014

If you think we're post-racial, read the lead article from the November 2014 American Economic Review

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Alesina and La Ferrara conclude: This paper proposes a test for racial bias in capital sentencing in the US over the period 1973-1995. W...
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Tuesday, November 04, 2014

Jung Hyun Choi and I write about Income Inequality across Cities.

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We will be presenting at APPAM: This paper investigates why the level of income inequality differs across U.S. cites. We also explore wh...
Thursday, October 30, 2014

How people who can't do math get shafted.

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I have a car (an Accord, if you must know) that is 17 months old.  When I bought the car, the dealer offered me a car loan at 0 percent int...
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Sunday, September 28, 2014

How the price of a Martini reveals the property value of a city

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A Hendricks Gibson is basically a commodity (although the bartender does need to know what she is doing). But a good Gibson at the Starli...
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Saturday, September 27, 2014

How Piketty's care with language can improve economics

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When I was a freshman in college, I read Fogel and Engerman's Time on the Cross .  I loathed the book, because it implicitly endorsed t...
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Monday, December 23, 2013

Hannah Harris Green in The Guardian on Race, Crime and Television

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She writes : The First 48 is an A&E true crime reality show that documents real police investigations for the first 48 hours after ...
Thursday, October 24, 2013

UW-La Crosse Chancellor Joe Gow has issues with sifting and winnowing.

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A geography professor at the University of Wisconsin-La Crosse,  Rachel Slocum, made the mildly controversial point in an email to her stud...
Wednesday, October 02, 2013

The Windy City and The Foggy City

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Hannah Green writes: ERNEST HEMINGWAY famously wrote of Paris, “If you are lucky enough to have lived in Paris as a young man, then where...
Tuesday, October 01, 2013

Dr Patricia Harris on Healthcare Exchanges

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It is here :
Tuesday, August 13, 2013

Hannah Green interviews Josh Oppenheim Asia Times Online :: Skeletons in Indonesia's closet

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Asia Times Online :: Skeletons in Indonesia's closet INTERVIEW Skeletons in Indonesia's closet By Hannah Green  LOS ANGELES -...
Saturday, July 27, 2013

How I wish I could get an unbundled subscription to the Wall Street Journal

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I cannot do my job without reading it, and its reporters are still excellent, even in the Murdoch era.  And in general, I have learned to i...
Friday, July 26, 2013

Hannah Green writes on the problem of how victims of rape who are college students are treated

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In Open Magazine (an Indian newsweekly), she writes: Angie Epifano always wears the same necklace. It is simple—a round blue stone set ...
Thursday, July 25, 2013

Ten Favorite Metro Systems--A Personal View (reposted from Forbes blog).

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10) New York.  Butt ugly, smells bad, too many rats, but gets you a whole lot of places at reasonable speeds. 9)  Washington , DC.  Very...
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