Rent seeking and regulatory capture are major themes in public choice theory.
Oh, I got public choice theory confused with social choice theory, you’re right.
What is the explanation that your framework generates?
So, I’m still confused about this (I plan to investigate this more), but the framework of this post would posit some combination of: processes that produce houses are hard to imitate and have gotten worse over time as knowledge is lost; regulatory capture; coordination being harder as better attacks on existing coordination systems have been developed (e.g. more ways of pretending to work, more bullshit jobs that are considered part of a normal business); some kind of coordination among house-builders. Since there are lots of possible explanations, this isn’t very enlightening on its own, and more investigation is needed.
Upon writing this, it seems like my framework isn’t clearly better at explaining the phenomenon than the field of economics (they both posit that there could be many causes), until further investigation has been done; however, that isn’t the assertion I was originally making, and also it’s kind of a moot point since I previously thought you were arguing that the content of this post was obvious, and responding to that.
Oh, I got public choice theory confused with social choice theory, you’re right.
So, I’m still confused about this (I plan to investigate this more), but the framework of this post would posit some combination of: processes that produce houses are hard to imitate and have gotten worse over time as knowledge is lost; regulatory capture; coordination being harder as better attacks on existing coordination systems have been developed (e.g. more ways of pretending to work, more bullshit jobs that are considered part of a normal business); some kind of coordination among house-builders. Since there are lots of possible explanations, this isn’t very enlightening on its own, and more investigation is needed.
Upon writing this, it seems like my framework isn’t clearly better at explaining the phenomenon than the field of economics (they both posit that there could be many causes), until further investigation has been done; however, that isn’t the assertion I was originally making, and also it’s kind of a moot point since I previously thought you were arguing that the content of this post was obvious, and responding to that.