Policies vs. Preferences

New York, LA, London, Parisââ?¬â??all sorts of different policies and yet people’s preferences are quite similar. What happens? Preferences win and the population densities converge. Check out this graphic from Wendell Cox. Peter Gordon points to it and remarks:

The graphic also shows that big density differences were in place about 100 years ago. Yet, this is the contrast that most “experts” still believe in. They spend too much time in the old cores of the European capitals when they travel — and not enough time studying Wendell’s numbers.