In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
Karl Case's (Poetic) Reflections on the Housing Market
Paul Solman: We've been interviewing Wellesley economics professor Karl 'Chip' Case since the last housing crash here in Boston in the late '80s, and as recently as a few weeks ago with his well-known collaborator Bob Shiller. He is one of the friendliest, savviest, wittiest, saltiest economists you'll ever meet, live or on video. (Economic columnist David Warsh posted a fuller celebration a few years ago.)
Over the years, we've mainly asked Chip about housing. So it was no great surprise when this past week there arrived in the email his summation of the crisis. Less expected, however, was the form: verse. Herewith, then, the only poem we may ever publish on the Great Recession -- by Karl E. Case.