Paper $24.95 ISBN: 9781786991188 Published July 2017 For sale in North and South America only
Cloth $95.00 ISBN: 9781786991195 Published July 2017 For sale in North and South America only

Rethinking the Economics of Land and Housing

Josh Ryan-Collins, Toby Lloyd, and Laurie Macfarlane

Rethinking the Economics of Land and Housing

Josh Ryan-Collins, Toby Lloyd, and Laurie Macfarlane

Distributed for Zed Books

With the New Economics Foundation
288 pages | 5 1/2 x 8 1/2
Paper $24.95 ISBN: 9781786991188 Published July 2017 For sale in North and South America only
Cloth $95.00 ISBN: 9781786991195 Published July 2017 For sale in North and South America only
Why are house prices in many advanced economies rising faster than incomes? What is the relationship between the financial system and the price of land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies, including housing crises, financial instability, and growing inequalities, are intimately tied to the land economy.
 
Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, Rethinking the Economics of Land and Housing argues that in order to tackle these increasingly pressing issues a major re-thinking by both politicians and economists is required. This is the first comprehensive guide to the role of land in the economy, making this an essential reference for students, scholars, policymakers, activists, and NGOs working on land issues.
 
Review Quotes
Financial Times
“A lucid exposition of the dysfunctional British housing market.”
LSE Review of Books
“This is an admirable book. It provides a powerful critique of the UK’s failed policies towards land and housing and it sets out an ambitious but credible set of alternatives which merit serious debate. But it also offers a critique of the inadequate treatment of land and housing by mainstream economics that can travel far beyond the UK.”
Adair Turner, Chairman of the Institute of New Economic Thinking
“Analyzes the subject with excellent clarity. Read it and you will understand the crucial underlying drivers of rising debt, increasing inequality, and financial crises.”
Michael Kumhof, Senior Research Advisor, Bank of England
“This excellent book is both thorough and comprehensive. I am convinced that it will quickly become an important reference for the general public and for economists, and hopefully also for policymakers.”
Kate Barker, author of the Barker Review of UK Housing Supply
“Takes a fresh and comprehensive look at the problems created by a failure to consider the role of land in the economy of the United Kingdom. It proposes a wide range of solutions which policymakers should consider.”
Steve Keen, author of Debunking Economics
“A comprehensive survey of the role of land in the economy and its neglect in economics, as well as a profile of how ownership of this essential requirement for life has become unattainable for the majority of young Britons.”
Duncan Bowie, author of Radical Solutions to the Housing Supply Crisis
“Long overdue. It returns land to its central role in both economic theory and in built environment discourses.”
Danny Dorling, author of All That Is Solid: How the Great Housing Disaster Defines Our Times
“Lucid and convincing . . . Economics is evolving and this crucial book is a key part of its transformation.”
For more information, or to order this book, please visit http://www.press.uchicago.edu
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