Ανάρτηση Ερευνητικού Δοκιμίου no 11/25

Ερευνητικό Δοκίμιο no 11/25 με τίτλο "How High will our Buildings Become?"

του Άγγελου Αγγελόπουλου

Περίληψη

We have clearly reached a point where the know-how and the budget of heightening buildings has been acquired almost everywhere, i.e., nearly all over the world. So one may be reasonably start wondering: How tall will the buildings in our residential neighbourhoods eventually become? Will the (upward) vertical expansion of buildings carry on forever? By exploiting several of the most basic and pristine principles of the neoclassical economic theory and of the mathematical theory of martingales, this paper argues (to wit, proves rigorously) that the acute perception (or, formally, the expectation) that we currently have as an answer to the previous question can hardly ever change in the long-run, by getting re-adjusted towards even higher buildings, no matter how much more pressing will the urbanised circumstances be in the earth’s distant future. This then naturally brings us to the following conclusion: the expected average length of buildings is already (or will be quite soon) in a steady-state, so, in the long-run, an expected to be strictly positively growing output (thus, welfare and prosperity) up to its own steady-state cannot grow our buildings distinctively taller any more. Wealth and skyscrapers shall not be forever synonymous.

O Άγγελος Αγγελόπουλος είναι Εντεταλμένος Διδάσκοντας στο τμήμα Οικονομικής Επιστήμης του Οικονομικού Πανεπιστημίου Αθηνών.