“BUBBLES AND BUILDINGS” (August 30, 2012)

Thus the Financial Times today. “How the construction of the world’s tallest buildings more often than not presaged a crash,” the newspaper explains. I was delighted at once. This is something right up my alley, too. To my shame, though, I have never thought of the connection. As a building economist of renown, I should have come up with it while I was still going strong in the field. And I was even considering a book about the mind of a person who has come up with the idea of building something memorable. This person is the real builder that most often remains hidden behind the architect and the “professional” builder involved. Of course, such a person’s mind would come alive during a protracted boom that perforce ends in a nasty crash. Economizing would not be central to his or her thinking. Based on real cases from around the world, such a book would surely be a delight to read. The world’s tallest buildings would add a real punch to a project of this kind. Not to worry, though. Sooner or later, someone is bound to come up with the book I have dreamt up.