The Housing Supply Myth - Cameron Murray & Ian Mulheirn
The Joe Walker Podcast
00:00
Narratives in Housing Markets
Bob Schiller started working on narrative economics in a more formal sense. He had a book out last year called narrative economics. One of the chapters is dedicated to narratives in housing markets. Do you think of them in an exogenous way in the context of economic models? Or are they just ornamental post hoc rationalisations that people tell themselves and tell each other so they can sleep better at night? I mean, I would say much more the latter.
Play episode from 41:43
Transcript
