Science
Housing regulation is often put in place for good reasons, namely comfort, safety, environmental protection, availability of utilities and services, and more. With each additional regulation, however, restrictions are being placed on what you can build, where you can build, and how quickly you can build it. Professor Bryan Caplan argues that our current mess of regulations dramatically increases the price of housing, by limiting supply. This, he argues, has disastrous effects on fertility, and many social issues that we care about today, including social mobility and financial inequalities. Bryan argues further that inappropriate zoning and regulation creates widespread environmental damage through urban sprawl, congestion, and by limiting the number of people who are able to live in environmentally less damaging areas of the country (e.g. where heating and air condition is not required throughout the year, or where water is not scarce).
Bryan's preference would be to lift many, if not all building regulations. My approach would be somewhat more conservative. We discuss the nuances of the debate in this conversation.
►Watch on YouTube:
https://youtu.be/Rh1eFIveLfE
►For more information about Bryan's work:
http://www.bcaplan.com/
►For Bryans new book:
https://www.cato.org/books/build-baby-build
►Follow Bryan on X: @bryan_caplan
These conversations are supported by the Andrea von Braun foundation (http://www.avbstiftung.de/), as an exploration of the rich, exciting, connected, scientifically literate, and (most importantly) sustainable future of humanity. This interview is one of a series of interviews that explores the impact of economics on sustainability and the environment. The Andrea von Braun Foundation has provided me with full creative freedom with their support. The views expressed in these episodes are my own and those of my guests.
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