tag:blogger.com,1999:blog-7169279.post2602673427797551315..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: The sky is falling, the sky is falling!Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7169279.post-68810727135146571422009-03-13T15:50:00.000-06:002009-03-13T15:50:00.000-06:00Well according to the Cobb-Douglas model, a decrea...Well according to the Cobb-Douglas model, a decrease in the depreciation rate or in population growth rate would result in a higher capital for the population as a whole. Professor Tufte has told us from the beginning that real estate is a lousy investment and that besides that market, the GDP would actually go up theoretically. Perhaps it's less competition for jobs, better health care systems, Calvinhttps://www.blogger.com/profile/14614457811916008598noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-29838236010359054352009-02-28T22:11:00.000-07:002009-02-28T22:11:00.000-07:00I think real estate is not secure investment too. ...I think real estate is not secure investment too. As we discuss in the class, it would be really hard to sell the house if the location is really bad. Rent a room would be better decision for people who need to move several time because of work.Victoriahttps://www.blogger.com/profile/10240674380260411668noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-60136508829656746022009-02-28T13:50:00.000-07:002009-02-28T13:50:00.000-07:00I find it humorous when people who are ignorant on...I find it humorous when people who are ignorant on this issue say, "A decline in population would be a great benefit to those in the future because there will be less competition for jobs, which would increase overall wealth". The theory of supply would suggest otherwise. As population decreases, there would be less market growth and expansion and overall supply would decline with the decline Brian Smithhttps://www.blogger.com/profile/12739012264425131024noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-23679876005431188362009-02-28T11:15:00.000-07:002009-02-28T11:15:00.000-07:00I would think that "The Doc." would be right. The...I would think that "The Doc." would be right. The level of production would determine long-term demand and prices more so than population. Population goes down, fewer laborers around, fewer skills, higher demand for something specific, while on the whole less. I assume the demand would balance each other into stable prices.Liamhttps://www.blogger.com/profile/17412939627864336500noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-41815212566719909792009-02-27T16:19:00.000-07:002009-02-27T16:19:00.000-07:00We don't go that far in this class, but a branch o...We don't go that far in this class, but a branch of growth theory has looked at this. <BR/><BR/>They've found that growth rates depend on the level of population not the change of population (or equivalently, the log-level and the difference log-level, or growth rate). This means that our growth (and asset prices) are likely to be in good shape.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com