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"The freedoms established by the Bill of Rights are celebrated as a part of America's national identity. But are they everything? Do freedoms from government persecution offer enough to live the American Dream? In Freedom Is Not Enough, economist Mark Paul considers the history of American rights and freedoms as determinants of American economic well-being. The failed promise of FDR's New Deal and LBJ's Great Society programs to secure positive rights for all Americans-the right to a decent education, a good job, adequate health care, and a greater capacity for economic flourishing-have left the country fractured by inequality and stifled in social mobility. Paul traces this shift not only t...
A century of policy mistakes ruined America’s cities and created an unprecedented housing crisis. For many families, homelessness is no longer someone else’s problem. It is right around the corner, a real threat in their own immediate future. Our housing crisis is the result of a long history of government policies, court cases, and political manipulation. While these disparate causes make up a tangled web, they have one surprising root: the attack on private property rights. For more than a century, government policies and court decisions have attacked, undermined, and eroded private property rights. Whether it be exclusionary zoning, eminent domain abuse, rent control, or excessive env...
Just Shelter is a work of political philosophy that examines the core injustices of the contemporary U.S. housing crisis and its relation to enduring racial injustices. It investigates gentrification, segregation, desegregation, integration, and homelessness. Taking current conditions and the historical practices that led to them into account, Ronald Sundstrom argues that to achieve justice in social-spatial arrangements we must prioritize the crafting and enforcement of housing policy that corrects the injustices of the past. If we do not address the history of racism in housing policy, we will never solve today's housing crisis.
A radical rethinking of how to make distressed urban neighborhoods more livable while preserving the residents' ability to live there "With piercing insights, Joe Margulies compellingly traces the history of one neighborhood in Providence, Rhode Island, a stand-in for distressed neighborhoods around the country. This utterly original book takes on many of our assumptions about race, poverty, and gentrification-- and tackles the toughest question of all: In restoring these places, do we set them up for destruction?"--Alex Kotlowitz, author of An American Summer When a distressed urban neighborhood gentrifies, all the ratios change: poor to rich; Black and Brown to white; unskilled to professi...
A landmark volume about the importance of housing in social life. In 1947, the president of the American Sociological Association argued for the importance of housing as a field of sociological research. Yet seventy-five years later, the sociology of housing has not developed as a distinct field, leaving efforts to understand housing's place in society to other disciplines, such as economics and urban planning. This volume intends to change that, solidifying the place of housing studies as a distinct subfield within the discipline of sociology, showing that housing is both an important element of sociology and a significant component of social life that deserves dedicated attention as a dist...
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Despite the conventional wisdom that affordable housing, either in the form of homeownership or through access to rental units, has beneficial effects for households, society, and the economy more broadly, there is a noteworthy lack of empirical studies of housing development and construction companies or building societies that actively work to supply this asset class in the economy. There are several reasons for this condition, including the “thin market” for such business activities. This book offers a case study that includes two Swedish housing development companies that have targeted a market niche for affordable homes that few other companies and market actors are concerned with. ...
From the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the field’s most respected authorities, provides a broad graduate-level overview of asset pricing. He introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. The book shows how models make predictions not only about asset prices but also about investors’ financ...
The American Housing Question reframes the question of affordable housing through the concepts of urban citizenship and racism. Randolph Hohle argues that when we consider who benefits from affordable housing, we end up with a complex story of inclusion and exclusion and of privilege and mobility centered around race and social class. Historically, affordable housing’s underlying logic was to create the conditions for white people to exercise the privilege of mobility. Affordable housing policy was first and foremost about granting white people the ability to live in racially-segregated neighborhoods within and across urban areas. When the beneficiaries of affordable housing policy were pr...