Ed Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University.


Show notes

Selected links
Follow Ed: Website
'A Nation Of Gamblers: Real Estate Speculation And American History', 2013 Ely Lecture by Ed Glaeser
One Hundred Years Of Land Values In Chicago, by Homer Hoyt
The Land Boomers, by Michael Cannon
'25 years of housing trends' report by Aussie Home Loans




Topics discussed
A potted history of real estate speculation in the United States. 8:51
How would Ed describe the Great Convulsion of the 2000s to an alien observer? 13:40
Why is real estate well-suited to being a speculative asset? 16:04
If speculators aren't crazy, what are they? 17:00
Was the Great Convulsion primarily driven by credit availability? 20:44
What would a good Bayesian have thought in response to the 2000s housing market in the US? 22:23
Radical uncertainty and its implications for rationality in the context of housing markets. 24:06
Are extrapolative beliefs rational? 26:22
Are housing bubbles irrational? 29:51

Ed Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University. <h1>Show notes</h1>Selected links<ul>
<li>Follow Ed:<a href="https://scholar.harvard.edu/glaeser/home"> Website</a>
</li>
<li>'A Nation Of Gamblers: Real Estate Speculation And American History',<a href="https://www.nber.org/papers/w18825"> 2013 Ely Lecture</a> by Ed Glaeser</li>
<li>
<a href="https://www.amazon.com.au/Hundred-Years-Land-Values-Chicago/dp/1176909509">One Hundred Years Of Land Values In Chicago</a>, by Homer Hoyt</li>
<li>
<a href="https://www.mup.com.au/books/the-land-boomers-paperback-softback">The Land Boomers</a>, by Michael Cannon</li>
<li>'25 years of housing trends'<a href="https://www.aussie.com.au/plan-compare/property-reports/25-years-of-housing-trends-property-market-report.html"> report</a> by Aussie Home Loans</li>
</ul> Topics discussed<ul>
<li>A potted history of real estate speculation in the United States. 8:51</li>
<li>How would Ed describe the Great Convulsion of the 2000s to an alien observer? 13:40</li>
<li>Why is real estate well-suited to being a speculative asset? 16:04</li>
<li>If speculators aren't crazy, what are they? 17:00</li>
<li>Was the Great Convulsion primarily driven by credit availability? 20:44</li>
<li>What would a good Bayesian have thought in response to the 2000s housing market in the US? 22:23</li>
<li>Radical uncertainty and its implications for rationality in the context of housing markets. 24:06</li>
<li>Are extrapolative beliefs rational? 26:22</li>
<li>Are housing bubbles irrational? 29:51</li>
</ul>

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.

(Formerly 'The Jolly Swagman Podcast'.)

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.
(Formerly 'The Jolly Swagman Podcast'.)

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.

The Joe Walker Podcast

The JSP is a weekly exploration of questions that are both important and overlooked. Joe Walker, a former political speechwriter helping to build a Y Combinator-backed startup, hosts refreshingly in-depth conversations. Topics cover capitalism, science, business, culture and politics. Guests include Nobel laureates, former prime ministers, authors, entrepreneurs, investors and thought-leaders. Australia's best long-form podcast. A space for curious contrarians.

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