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Problem 2 (10 points) Read: A Long History of a Short Block: Four Centuries of Development Surprises on a Single Stretch of a New York

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Problem 2 (10 points) Read: "A Long History of a Short Block: Four Centuries of Development Surprises on a Single Stretch of a New York City Street", William Easterly, Laura Freschi, and Steven Pennings (DRI Working Paper No. 97, 2016). Discuss the following statement: . "The evolution of Greene Street illustrates that prescriptive planning to allocate factors may be too complicated for planners to execute, and therefore the best policy for local development and zoning is laissez-faire."

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