Some quick points, as I read through the Foundations
1. They do not start with an idea of where we want to go. UK has increased population size from 47 to 67 after ww2. Is this supposed to continue forever at this rate? Or are we looking for a transition to a stationary state perhaps? The implications are obvious for demographic composition
2. In the comparison with France, for example in the number of houses, the fact that France is 2.3 the size of the UK is never mentioned. Is this fact irrelevant?
3. The new industrial policy takes the government as a benevolent planner. This is an error
4. The Foundations essay seems written under the assumption that the aggregation effect (that is supposed to be the strength of a city) works like it used to fifty years ago, relying on face to face contact. The city where I live (3.5 millions) is contracting as people are going to live and work outside of the city. The possibility of remote contact seems to change everything.
Some quick points, as I read through the Foundations
1. They do not start with an idea of where we want to go. UK has increased population size from 47 to 67 after ww2. Is this supposed to continue forever at this rate? Or are we looking for a transition to a stationary state perhaps? The implications are obvious for demographic composition
2. In the comparison with France, for example in the number of houses, the fact that France is 2.3 the size of the UK is never mentioned. Is this fact irrelevant?
3. The new industrial policy takes the government as a benevolent planner. This is an error
4. The Foundations essay seems written under the assumption that the aggregation effect (that is supposed to be the strength of a city) works like it used to fifty years ago, relying on face to face contact. The city where I live (3.5 millions) is contracting as people are going to live and work outside of the city. The possibility of remote contact seems to change everything.
think one of their points is that if you want to pay for the NHS without increased migration, you had better have a high-growth economy.
Goldman seems to think the case for remote work is not proven….