Multiple equilibria Potemkin village economic stimulus of the day

by on March 10, 2010 at 1:32 pm in Economics | Permalink

Fake businesses are to be used to lessen the impact of the recession on high streets in North Tyneside.

With 140 empty shops in the borough, council bosses think they have come up with a unique way of ensuring shopping areas remain as vibrant as possible.

The rest of the story is here.  For the pointer I thank Bob Cottrell, at The Browser.

Bock March 10, 2010 at 1:44 pm

Fake businesses seem to keep Wall Street vibrant.

Don the libertarian Democrat March 10, 2010 at 2:09 pm

To me, they look more like ads or staging a house for sale. They’re meant to attract tenants.

Jens Fiederer March 10, 2010 at 2:19 pm

Reminds me of the cargo cult: http://en.wikipedia.org/wiki/Cargo_cult

JackTrade March 10, 2010 at 3:51 pm

It would make me happier if the fake businesses were as fake as possible, like a submarine parts store, or rent-a-monkey.

Or better yet, Simpsons businesses:

High Pressure Tire Sales
Get Out of Here! Travel Agency
Java the Hut

and the near decade-old but still one of the best:

The Family Jewels

Larry Rothfield March 10, 2010 at 4:34 pm

I have been seeing this in the course catalog offerings of departments that have lost lots of faculty.

Albert Farangh March 10, 2010 at 6:53 pm

Who owns these shops? The landlord should be doing this, not the government. Unless, of course, the government is the landlord… Is it? Why?
If the government owns them it should hire people to pretend selling nonexistent products. That would really stimulate the economy.
“We pretend to work and the government pretends to pay us.”
Good luck with that, Tyneside…

Shabadoo March 10, 2010 at 10:52 pm

Fake business names:

I don’t give a crepe
secret Asian man

Seinfeld: the lumbar yard

Skip Intro March 11, 2010 at 9:18 am

The 18th & Vine area of Kansas City is full of fake storefronts made for a movie in the mid-90s; the fakes at this point significantly outnumber real venues in that area.

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