New Economic Thinking and Real Estate

There is a Foreword.

The introduction is about setting the scene.

There is a storyline 3.

It’s a wonderful thing to notice.

There is writing on the wall.

Resource choices 11 is a part of a resources choice series.

Basic economic principles 13

There is a definition of economics.

Factors of production are 15.

Income and wealth are related.

Investment 20

Property in a resource context.

The history of economic thought.

The problems of inequality have food for thought.

The Language of Profit is a book.

It is all about profit.

The dilemma of the residential developer.

It is all about yields 37.

Timing is everything.

Socially responsible investment

There are costs and prices.

There is a circle of blame.

Is profit the measure of everything?

3 real estate markets

50 is common sense price.

The Marshallian Cross is 52.

The concept of equilibrium.

Property markets.

The basics of demand.

There is demand for housing.

There is demand for commercial property.

There is a demand for government property.

The basics of supply.

There is a stock of housing.

There is a stock of commercial property.

There is a stock of government buildings.

There are supply and non-price factors.

Know your markets.

The market that is unethical?

Food for thought is Behavioural real estate economics.

Part B financial systems.

The Macroeconomy and Financial Flows.

The model is circular.

The model 88 is the modern flow of funds.

The dangers of debt.

What goes around comes around 93.

Monetary policy and central banks.

Is it in whose interests?

What is happening in the traditional banking sector?

The story of banking is a fairy tale.

Weapons of mass destruction is a market for derivatives.

There is a soup called alphabet soup.

There are real estate funding options.

The central banks.

The conventional approach to monetary policy before 2008.

The unconventional approach to monetary policy.

It’s food for thought.

The financial recession was 127.

There is a language for recessions and recovery.

A new world.

Herman Minsky was ahead of his time.

Why didn’t anyone see it coming?

Let the facts speak for themselves.

The lender of last resort is the central bank.

Where to look in the future.

Where is the next crisis going to come from?

Part C Measures and Forecasting

There is a central government and fiscal policy.

The macroeconomic targets are 146.

The central government has a number.

Fiscal policy 154.

Austerity economics.

The food for thought is an older population.

Economic activity is measured and forecast.

There are some general principles to watch out for.

Economic growth is measured.

Income per head is calculated.

Income distribution 172

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Measuring unemployment

International transactions are measured.

Business fluctuations are measured.

Predicting the economy.

Predicting property markets.

The new economy on the High Street.

Afterword 199.

Glossary 202

There are Webnotes in this section.

Recommendations and References 215.

Index 222