New Book coming

My New Book Coming next year : Harvard University Press Monetary Economics and Banking in General Equilibrium. Very exciting project. These are my already published books: They show elements of Macro without compromise, with AS-AD shown in my Kendall Hunt Publishing Principles as exactly consistent with the mathematical derivation in my Pearson Financial Times Advanced … More New Book coming

Why Doesn’t Capital Flow From Rich to Poor Neighborhoods?

Excerpt from Principles of Macroeconomics: An Evolutionary Approach, by Max Gillman, Published by Kendall Hunt; January, 2017.

Explaining urban blight remains part of the urban policy’s main challenges. Support has been found for how public capital amenities such as transportation aides the development of city centers during expansionary periods. Evidence also suggests that prices tend to rise faster in urban city centers than in more outlying areas during expansionary periods.
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