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    New World Economics

    newworldeconomics.com · Publication · on HN since 2012

    Nathan Lewis writes on economics, banking, traditional city design and transport, drawing on historical examples.

    Visit blogRSSHN submissions
    EconomicsCulture & SocietyHistory
    What HN says

    HN commenters recommend its series on how banks work and on the traditional city, calling the latter consistent with Andres Duany's urbanism message.

    Stats for nerds
    23HN people shared it
    14linked in comments
    334story points
    Jul 2022last shared
    2012people per year2022

    Top posts on HN

    1. 1
      What a Real Train System Looks Like (2009)
      2 people · 241 points · first shared 2018 · 199 comments on HN
    2. 2
      Place and Non-Place (2009)
      1 person · 37 points · first shared 2016 · 9 comments on HN
    3. 3
      The Process of Urban Change (2017)
      1 person · 27 points · first shared 2017 · 8 comments on HN
    4. 4
      The Fate of Empires (1976) [pdf]
      2 people · 13 points · first shared 2015 · 1 comments on HN
    5. 5
      The Gold Standard Didn’t Disappear in 1971, It Just Went Underground
      1 person · 7 points · first shared 2018 · 4 comments on HN
    6. 6
      The Problem with Bicycles (2010)
      3 people · 4 points · first shared 2018 · 1 comments on HN
    7. 7
      The Traditional City Is the Densest City
      2 people · 3 points · first shared 2019 · Discussion on HN
    8. 8
      How Much Should Parking Cost?
      1 person · 1 points · first shared 2018 · Discussion on HN
    9. 9
      How to have fun
      1 person · 1 points · first shared 2014 · Discussion on HN
    10. 10
      2008 072008
      2 people · first shared 2015

    What HN people wrote when they linked it

    • jodrellblankAug 2020

      > The only places that require comparatively large bicycle parking areas are large transport hubs, and in the example, the added distance for pedestrians is less than going between platforms, if any at all.

      Everything requires comparatively large bicycle parking areas.
      Here https://newworldeconomics.com/wp-content/uploads/2017/01/osaka1.jpg is perhaps 5-10% of the visitors bike parking, making the street 30-40% blocked and 30-40% wider for everyone.

      Here https://newworldeconomics.com/wp-content/uploads/2017/01/gakugeidai4.jpg are maybe 10-20 bikes clogging up the path for thousands of people.

      > I was talking about cars -> bicycles. Densest cities are best served on foot

      Right, so if you're redesigning smaller and denser, why on earth would you build so everyone needs bikes, instead of building so everyone doesn't?

      And if you're not redesigning smaller, and distances are still car-suburb distances, they're still too far for bikes for most people and most journeys. You might have to do a 20 mile round trip to get into Houston center and back, for example, that's 1.5-2hrs biking. Way outside what you could expect most people to want to do regularly compared to say a 15 minute walk.

      45k people live in https://newworldeconomics.com/wp-content/uploads/2017/01/gakugeidai2-2.jpg this photo with a ~10 minute walk to all of those places including a train station with lots of regular large trains.

      > The only places that require comparatively large bicycle parking areas

      All…

    • kragenJul 2022

      The thing that may be hard to understand if you've grown up in a fiat-currency world is that prices moved in both directions, not just one. The periods of high inflation you name are real, but they were generally compensated by subsequent periods of deflation, except for the case of 01947.

      Fiat currencies are often stabler than commodity money, but they very rarely deflate. Bitcoin so far seems to be acting a lot like commodity money in this sense; in the sense of prices rather than the money supply, it has currently inflated about 230% from its peak in value earlier this year.

      The Warren–Pearson wholesale price index is the one usually used for measurements of pre-WWI inflation in the US, at least by people who don't simply use the price of gold; it is plotted on https://newworldeconomics.com/the-warren-pearson-index/ and appears to be about 80 in 01776 and about 80 in 01891, where they've suspiciously cut off the price data.

      Warren and Pearson's book is apparently in the public domain in India and is available at https://dspace.gipe.ac.in/xmlui/handle/10973/22256. They did a plot from 01797 to 01932 on p.6 which looks pretty similar: it's about 100 in 01797 and also 100 in 01932. It is indeed 79–85 in 01891. At the end of 01776 in their data table (p. 7) it was 86; at the end of the data table in 01932 (p. 10) it was 95.

      So we could say that the average inflation rate from 01776 to 01932 was 0.06% yearly ((95/86)*(1/(1932-1776))). But this is probably…

    • avn2109Mar 2017

      Bus themed solutions would definitely be an improvement over LA's status quo.

      However a better idea would be to reduce the need to travel long distances by building denser. LA roads are super wide right now, so the easiest way to raise density would be by putting buildings in the middle of the road, leaving a Really Narrow Street (tm) along either side. Ground floors of new buildings could be commercial, upper floors residential. (Some LA roads are so wide we could put 2 or more blocks of Really Narrow Streets in the space consumed by a single car-oriented surface street).

      This would reduce housing prices by bringing a crazy amount of inventory online, and would greatly lower maintenance expenses by severely curtailing the number of square feet of publicly-funded roads, traffic lights, signage etc. If we structured this correctly, the city could make a giant pile of money in both land sales and new real estate taxes. Maybe they could then use the surplus money to build a real train system or just reduce taxes. Lastly, there would obviously also be large environmental benefits such as smog reduction, CO2 emission reductions etc.

      Yes, I realize this will never happen, and yes, I realize I'm proposing turning LA into old Paris. Old Paris is great, we should copy it more.

      I stole these ideas from [0].

      [0] http://newworldeconomics.com/the-eco-metropolis/

    • slugboyJun 2022

      Instead of choosing between density or single-family homes, why not have both? (i.e. single family homes that are built in a dense style). All you have to do is look beyond the borders of North America for working examples.

      The Tokyo suburb of Seijo mostly consists of single-family homes but is also dense. The homes aren't massive, but based on the Time article, residents are okay with smaller homes as long as they are detached. This blog post explains how it's done: https://newworldeconomics.com/how-to-make-a-pile-of-dough-with-the-traditional-city-3-single-family-detached-in-the-traditional-city-style/ (it's a long blog post . . . you can skip to the line "I chose Seijo because:" and start reading from there)

      Some notes about Seijo (summarized from the blog post):

      - It is mostly SFDR (single-family detached residential), usually with parking for one to three cars per house, not dense apartment buildings without parking.

      - Has a population density exceeding that of Brooklyn

      I don't see why such a development style couldn't be implemented in a North American context.

    • HoushalterJun 2016

      I've been thinking about the transportation issue. Self driving cars may or may not be widely available by the time they are finished. But they could bypass it all just by building sensors into the roads, or just tracks.

      You could then have a system of self driving busses that people could order with a smartphone, and then find the most efficient route to get everyone where they want to go. And then you have minimally congested streets that are very pedestrian friendly.

      In fact you don't need self driving vehicles to accomplish this even. A human pilot following instructions from a computer that calculates the optimal route. The point is you can get public transportation without the downside of fixed routes.

      Anyway, along other recommendations people have given, look at this site. I've always been fascinated with it: http://www.newworldeconomics.com/ Especially this article on Toledo, Ohio vs Toledo, Spain: http://www.newworldeconomics.com/archives/2010/022110.html

    • mericNov 2015

      Inequality in a society leads to instability in that society, and tears it apart. That's why we tax the rich to give to the poor, to reduce the rate inequality arises and attempt keep chaos at bay. When a society breaks down, everyone suffers greatly, but eventually as a new society arise, equality is reset, and people can improve their livelihood over time again. That's how it was with the Roman Empire, with each of the successive Chinese dynasties, with the Islamic Caliphate, and many other empires that have arose and fallen in the past[1]. So it will be with the 'West' we live in.

      [1] The Fate of Empire - Sir John Grubb
      http://www.newworldeconomics.com/archives/2014/092814_files/TheFateofEmpiresbySirJohnGlubb.pdf

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