Category: informality

Robinson Crusoe in Detroit: Part 3, We march out against the cannibals

21 May, 2014 (10:56) | Bankruptcy, Cities, Crime, Detroit, ED4ED, Finance, Homeownership, Housing, informality, Infrastructure, poletown, Renovation, Uncategorized, urban homesteading, Urban Renewal |

[Continued from yesterday's Part 2 and the preceding Part 1.] By: David A. Smith Halfway through our tale of urban Robinson Crusoe Drew Philip, whose journal of his modern economic plague years was published on Buzzfeed (January 9, 2014), he had bought his house (for $500 at auction) and was investing hours and days of his labor […]

Robinson Crusoe in Detroit: Part 2, I build my fortress

20 May, 2014 (10:33) | Bankruptcy, Cities, Crime, Detroit, ED4ED, Finance, Homeownership, Housing, informality, Infrastructure, poletown, Renovation, Uncategorized, urban homesteading, Urban Renewal |

[Continued from yesterday's Part 1.] By: David A. Smith In yesterday’s post, adapted from his Robinson-Crusoe-esque tale published on Buzzfeed (January 9, 2014), urban pioneer Drew Philip had decided to cast his lot with troubled Detroit, and was looking for a home to buy.  4. The risks of homesteading Poletown, before I-94, and before eminent domain […]

Robinson Crusoe in Detroit: Part 1, I go to sea

19 May, 2014 (10:30) | Bankruptcy, Cities, Crime, Detroit, ED4ED, Finance, Homeownership, Housing, informality, Infrastructure, poletown, Renovation, urban homesteading, Urban Renewal |

By: David A. Smith “I was born in the year 1632, in the city of York, of a good family, though not of that country.” ― Daniel Defoe, Robinson Crusoe Urban homesteader Drew Philip has written an engaging and inspiring story of his urban homesteading in a largely abandoned part of Detroit, published on Buzzfeed (January […]

Cosh and carry: Part 2, Money for the Einsteinian political economy

10 April, 2014 (15:13) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation |

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s post, using as source material two articles, one from the Economist (April 5, 2014), the other from the Wall Street Journal (March 27, 2014; green font), both commenting on a new paper published by the National Bureau of Economic Research, established that the rise of […]

Cosh and carry: Part 1, Money in the Newtonian political economy

10 April, 2014 (11:45) | Banking, Bitcoin, cash, Crime, Economics, informality, Markets, Regulation, robbery, Taxation |

By: David A. Smith If you’re like most readers of this blog, in your wallet you carry both cash and credit cards – and over the years, your use of cash has dropped as your use of credit cards has risen, because they’re quicker and easier (swipe and go), self-replenishing (no more searching for an […]