by Stephen SmithThe other day I put up a post detailing the restrictions that small-scale restaurants and food carts face, but I should mention that grocery stores and supermarkets also face similar restrictions. Like restrictions on restaurants, they end hitting poor, urban, black … [Read more...]
Even Midtown Manhattan not immune to anti-density NIMBYism
by Stephen SmithIn general, I think of Manhattan below Central Park as perhaps the freest place in America in terms of land use restrictions. There are no minimum parking regulations, zoning variances are relatively easy to get, and FAR restrictions are relatively generous. Historical … [Read more...]
Private buses make a comeback in NYC
by Stephen SmithTransit activists have been bemoaning recent cuts in the MTA's bus routes throughout New York City, but the cuts may have a silver lining, in particular for market urbanists: they may usher in the return of private buses to the streets of New York City. Private buses (and … [Read more...]
What Would Moses Do? (Robert Moses, that is…)
(Map of Robert Moses' unbuilt proposals via “vanshnookenraggen.”) Sandy Ikeda blogs: If Moses were around today I don’t think he’d waste any time getting every major project he could think of “shovel ready” for hundreds of billions of stimulus money. While he’s no longer with us, I do fear … [Read more...]
NY Rent Control Revival
In an act of pure legislative idiocy in the face of overwhelming consensus among economists against rent control, the New York State Assembly started the ball rolling to strengthen rent regulation. NY Times:The Democratic-led Assembly passed a broad package of legislation designed to restrain … [Read more...]
MTA Rider Report Card: an F for Incentive Structure
This morning, as I stepped to the stairway that brings me into Brooklyn's 86th street subway station on the R line, I was greeted by two MTA employees who handed me MTA's 'Rider Report Card' to fill out and mail in. As I started down the steps, I noticed something different than the usual routine; … [Read more...]
Using eminent domain to blight neighborhoods
by Stephen SmithThe Weekly Standard has a comprehensive and compelling piece of investigative reporting on Columbia University's attempt to acquire 17 acres in the heart of the Manhattanville section, north of its Morningside campus. The tale is a classic example of eminent domain abuse – the … [Read more...]
Landmark Incentives
by Sandy IkedaThe other day I was lecturing to my students about externalities and the Coase Theorem. One of the examples I used came directly from the our textbook – Heyne, Boettke, & Prychitko’s The Economic Way of Thinking. It asks what would happen if you tried to declare a large tree … [Read more...]