WHAT makes a country rich? Reading British newspapers, the impression one could get is that ever-rising property prices contribute a great deal to our economic prosperity.
The recent BBC documentary, What Makes Britain Rich?, began its investigation into the wealth of the nation by looking at the value of the houses we own.
In three previous publications the report’s authors have shown that most of the problems with the housing market – low supply, high prices, overcrowding – can be attributed to the planning system.
© Dr Oliver Hartwich