Steven D. Gjerstad and Nobel Laureate Vernon L. Smith demonstrate the critical role that household and bank balance sheets play in economic cycles.

In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing a

Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What

Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of

Translated from Spanish, and originally published under Vidas Hipotecadas. About the organizing strategies of the PAH, Plataforma De Afectados Por La Hipoteca.