Skyscrapers and Curiosity
There’s a good entry on the Economix blog about why there are so many buildings in New York that are in a state of pause (after all, the price of apartments in Manhattan are still higher than the cost of building one). While the hypothesis is interesting (developers work mostly on borrowed money and getting financing is super tough at the moment), the opening line of the piece (which has nothing to do with real estate really got me): “Thinking like an economist often means coming to regard mundane, obvious things, like the prices of corn or cars, as great mysteries.”
I love that. It’s how I try to approach everything all the time (not that I’m always successful).