Does Britain Need a Second London? | The 33rd IEA Hayek Lecture

About this episode

The episode features the 33rd Hayek Lecture by Edward Glaeser discussing the need for a second London in Britain and the implications of urban density on economic growth.

In this Institute of Economic Affairs podcast, chair Callum Price hosts the 33rd Hayek Lecture, introduced by Lord Frost, IEA Director General. Harvard Professor of Economics Edward Glaeser delivers the lecture entitled “Does Britain Need a Second London?”, examining the relationship between urban density, housing supply and economic growth. Kristian Niemietz, IEA Editorial Director, joins the panel discussion alongside Lord Frost to respond to the lecture and discuss its implications for Britain. Glaeser sets out the economic case for cities, arguing that density drives productivity, innovation and upward mobility. He examines Britain’s chronic failure to build housing and infrastructure, tracing it to planning restrictions that have constrained London’s growth and throttled the capacity of other cities to develop. Drawing on data from across the United States, he argues that high house prices are a supply problem, not a demand problem, and that the places which build the most are consistently the most affordable. He also challenges the case for rent control, new state-built cities and large-scale rail investment, arguing instead for deregulation, brownfield densification and…

People in this episode

Hosts: Callum Price, Lord Frost

Guests: Edward Glaeser, Kristian Niemietz

Topics covered

• urban density
• housing supply
• economic growth
• planning restrictions
• panel discussion

Keywords

• urban density
• housing supply
• economic growth
• planning restrictions
• rent control
• deregulation
• brownfield densification

Mentioned in this episode

Organizations: Institute of Economic Affairs, Harvard

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