Posted by: Dirk | December 4, 2018

Progress in economics?

This is a quote from John Maynard Keynes from the General Theory, Chapter 22, Section 3, p. 322:

“We reach a condition where there is a shortage of houses, but where nevertheless no one can afford to live in the houses that there are.”

And here is a quote from an anonymous Spaniard from a Stake holder interview taken from this 2013 publication:

“The government has capacity for offering more social housing than it currently does. […] Currently there are hundreds of thousand empty houses and hundreds of thousands of families with extreme difficulties affording a mortgage or a rent.”

So, there seems to be an even more impossible situation today compared to the 1930s. We have houses in abundance in Spain but yet “no one can afford to live in the houses that there are”. Or perhaps not everyone.

It is almost 2019 yet. Economics still needs to change.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: