Tim Harford

The Undercover Economist

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  • Ночь нежнаhas quoted5 years ago
    roll of cash in the false heel
  • Shubhankar Zingrehas quotedlast year
    The answer is that improved public transportation increases the alternatives to renting a place in the city. When a two-hour commute becomes a one-hour commute, and people are able to get a seat on the train instead of standing, some decide they’d rather save money and move out of Manhattan. Vacant apartments then appear on the market. Scarcity lessens, and rents fall. Improving commuter services wouldn’t just affect commuters; it would affect everyone involved in New York’s property market.
  • Shubhankar Zingrehas quotedlast year
    The answer is that improved public transportation increases the alternatives to renting a place in the city. When a two-hour commute becomes a one-hour commute, and people are able to get a seat on the train instead of standing, some decide they’d rather save money and move out of Manhattan. Vacant apartments then appear on the market. Scarcity lessens, and rents fall. Improving commuter services wouldn’t just affect commuters; it would affect everyone involved in New York’s property market.
  • Shubhankar Zingrehas quotedlast year
    The nice margin that Starbucks makes on their cappuccinos is due neither to the quality of the coffee nor to the staff: it’s location, location, location.
  • Anna Mezhovahas quoted4 years ago
    ugly packaging of “value” products is designed to make sure that snooty customers self-target price increases on themselves.
  • Dilobar Kasymovahas quoted8 years ago
    Some people call it “social capital,” or maybe “trust.” Others call it “the rule of law,” or “institutions.”
  • Dilobar Kasymovahas quoted8 years ago
    The rot starts with government but it afflicts the entire society.
  • Dilobar Kasymovahas quoted8 years ago
    One simple reform is to cut red tape, allowing small businesses to be legally established,
  • Dilobar Kasymovahas quoted8 years ago
    China’s “one child family” policy has created a society where women have time to work and where the bulk of people are neither old nor young but in middle age, saving for the future.
  • Dilobar Kasymovahas quoted8 years ago
    Start with the obvious insight that any project is most likely to be successful if the people who benefit from its success are the same people who make it possible.
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