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Why the housing crisis is going to continue for decades, not years.

This article first appeared on RTÉ BRAINSTORM @RTÉBrainstrom at this link Thomas Friedman published a book called ‘The World is Flat’ in 2005. It has become one of the most quoted books of the 21st century. However, the idea that the world is flat is really only in certain economic areas such as where goods are standardised. The world is also simultaneously becoming spikey in areas where the knowledge to produce creative ideas and innovations is becoming more complex and detailed. In fact, even with advances in transport technologies and the internet, economists argue that the world is steeper and spikier, than it is flat. Standards of Living, firm productivity, patent activity and quality o

What makes a good street?

I suppose the first question to answer is why would Economists be interested in streets? When individuals interact, existing ideas, expertise, creativity and skills possessed by people may be transformed into new improved ideas, expertise, creativity and skills. Creative ideas lead to new innovations of products and ways of doing things and businesses are born. For instance, if we take a look at the Iphone. How we listen to music has changed quite considerably in only a few decades. First, we had the Walkman, then the Discman, then the MP3 player, then the Ipod and now most of us use our Iphone. And the Iphone has enabled us to listen to music, browse the internet and take phone calls and te

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'A good city is like a good party. People don't want to leave early.'

'First Life, then spaces, then buildings, the other way around never works' 

 

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