Home > China, Microeconomics > Then, the Largest Office Building in the World

Then, the Largest Office Building in the World

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This caught my eye:

Among his first actions as commander in chief was to lay the cornerstone of the Department of Commerce building (now the Herbert C. Hoover building) using the very trowel George Washington used to lay the cornerstone of the Capitol. The building, which was constructed between 1929 and 1932 and cost $17.5 million to build (“over $2,000,000 more than the Louisiana purchase,” From Lighthouses to Laserbeams brags), was then the biggest office building in the world.

 

I occasionally had meetings there, but much preferred the newer Ronald Reagan Building and International Trade Center nearby, where most of my colleagues had their offices. 

I’m not too far, now, from what some call the world’s largest building. It has lots of offices but also other commercial space, and plenty of it.

It’s large enough to hold 20 Sydney Opera Houses and, with about 5.5 million square feet of floor space, has three times the square footage of the Pentagon in Washington, D.C.

What’s the relationship between the size of any enterprise and asymetric information? We’ll touch on that in class today.

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Categories: China, Microeconomics
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