I’m way behind in posting about what I’ve been reading, not least because I’m mid-prrofreading my next book (Market, State and People: Economics for Public Policy, out in early 2020 from Princeton University Press, since you all ask….). One of the recent reads was John Boughton’s Municipal Dreams: The rise and fall of council housing. It’s a particularly timely book as the UK is in the midst of its most severe housing crisis since the post-war years when the populaiton was growing and much of the already poor quality housing stock in cities had been damaged or destroyed. The context is different now of course, but there is nevertheless significant excess demand and huge generational injustice – not to mention that the UK housing market serves a special role of macroeconomic dysfunction.

The book is more or less chronological, telling the story of housing provision at increasing scale by local authorities from the late 19th century to the Thatcher government and then the sale of housing and turn to housing associations as (partial) replacements for council provision. It covers the debate about the architecture of big estates – the controversies about brutalist 1960s tower blocks, the role of that architecture and the giant estates in emerging social problems. Above all, it highlights a key conflict of purpose: was council housing housing for all, or housing for those most in need? If the latter, as governments increasingly came to consider, then perhaps the emergence of “problem” estates was about the wider economic problems rather than the estates or their inhabitants.

The book advocates a return to housing provision at scale by local authorities, although it doesn’t get into policy design. I agree this will be needed. People are less and less able to work in the cities where economic activity of highest value is increasingly concentrating – agglomeration effects seem to be accelerating (see David Autor’s ASSA talk on this). The UK is hobbling its future productivity and ensuring the macroeconomy remains vulnerable to instabilty from house prices. The private market has no incentive to fix the problem as housbuilders and incumbent owners do not want price growth to halt. The state will have to step in & local authorities should be allowed once again to build homes at scale, borrowing against future rents to do so if need be.

Anyway, terrific book, really enjoyed it.

I’ve been on my travels so have a stack of things to post about, but it will have to wait until I’ve waded through the backlog of emails. Meanwhile, though, I polished off Deirdre McCloskey’s Economical Writing: Thirty-five rules for clear and persuasive prose. You don’t have to be an economist to benefit from the book, but it will certainly help many economists – we are not famed for clarity and elegance of expression. I’m a big fan of McCloskey’s writing, although she is something of an acquired taste. But, importantly, she is always a model of clarity.

The book has, as it indicates, a series of short chapters/rules, all good advice. (It’s an update and expanded version of earlier books, with additions on presentations and charts, though advice about the latter is mainly ‘read Edward Tufte’s books’.) It refers to other works and classic advice from authors such as Orwell and Twain. I loved the latter’s: “Eschew surplusage.”

The section that had me cheering was Number 4, being clear. I have long believed that there is nothing in economics that can’t be explained clearly in words; it isn’t string theory after all. “Bad writing makes slow reading,” McCloskey writes. Your reader has to stop and puzzle over what on earth you mean. She quotes Quintilian: “One ought to take care to write not merely so that the reader can understand, but so that he canot possibly misunderstand.” This is harder than it sounds. As the author of several books, I’ve learned that many readers take out of a book whatever thoughts they took into it. Still, what else is worth aiming for if you want to communicate your ideas?

Highly recommended for all who write as part of their work or for pleasure. Pretty much everybody?

[easyazon_link identifier=”022644807X” locale=”UK” tag=”enlighteconom-21″]Economical Writing, Third Edition: Thirty-Five Rules for Clear and Persuasive Prose (Chicago Guides to Writing, Editing, and Publishing)[/easyazon_link]