Carnegie Mellon University
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A Reply to Craig Swan

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journal contribution
posted on 1971-11-01, 00:00 authored by Francisco Arcelus, Allan MeltzerAllan Meltzer

Craig Swan [11] finds so little merit in our study of housing [1] that he is reduced to praising our "courage" and "vigor" in attacking "widely held views about the relation between the availability of mortgage credit and housing starts." He expresses considerable doubt, however, that the views we attack are, in fact, widely held, or held at all. They are, he believes, a straw man, and our analysis is not only wrong but misdirected.




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