Skyscrapers and Business Cycles
Building the world's tallest building, writes Mark Thornton, has been a matter of particularly bad timing by entrepreneurs and even if they were able to successfully steal away enough tenants from the remaining pool of renters, the economic problem for society is that valuable resources are lost in the process of constructing buildings that are bad investments and underutilized. However, it is not the entrepreneur's formula that is at fault, but a system-wide failure that has occurred periodically throughout the 20th century and before, known as the business cycle. FULL ARTICLE
Comments (5)
Fephisto
Great, now we'll have politicians (because their sense of logic is fantastic) saying we need to build bigger skyscrapers in order to improve our economy.
Published: August 22, 2008 5:53 PM
billwald
How about a comparison of buildings and dress hems? Hem height was the old predictor.
Published: August 22, 2008 6:53 PM
newson
women wear pants. end of hem-indicator.
Published: August 23, 2008 12:32 AM
Aragon
Isn't that a beautiful sign of "irrational exuberance" in the skyscraper building industry?
http://www.telegraph.co.uk/news/worldnews/middleeast/dubai/2191592/World's-first-rotating-skyscraper-unveiled-in-Dubai.html
Published: August 23, 2008 2:30 PM
Peter
I thought that was global warming: http://hairlarious.files.wordpress.com/2006/10/global-warming.jpg
Published: August 24, 2008 12:18 AM