Mark Cuthbertson | Law & Economics

Welcome to Councilman Mark Cuthbertson's Economics Site

Category: Huntington

The Four Economic Systems: Market Economics

  There are four main types of economic systems in the world: Traditional, command, market, and mixed.  Each one of these offers its own unique set of pros and cons, sub-economies and tendencies, and plenty more. Earlier, I took a look at traditional economics, but here I’ll be discussing yet another: market economics.   Market […]

The Evolution of New York City’s 421-a Tax Exemption

In the 1970’s, 421-a was created to stimulate housing development at a time when residential construction rates were dropping in New York City. In exchange for constructing new housing, the city agreed to make owners exempt from paying the increase in property taxes that resulted from the new construction for anywhere from 10-25 years. Once […]

Powered by WordPress & Theme by Anders Norén