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06 May 09

Mega-Regions and High-Speed Rail - Richard Florida

The history of capitalist development is the history of the more expansive and intensive use of space. Post-war suburbs, the rise of larger metropolitan areas, the development of multi-nodal regions with edge cities as well as downtown cores are part and

correspondents.theatlantic.com/...egions_and_high-speed_rail.php - Preview

infrastructure rail urban suburban transportation richard_florida

26 Mar 09

Creative Class » Blog Archive » Creative Toronto - Creative Class

The compelling city allows for an intermingling of all creative players. And it’s that potent mix which inspires us to stay.

www.creativeclass.com/...creative-toronto - Preview

itinerary toronto canada richard_florida architecture urban art

14 Feb 09

The Atlantic Online | March 2009 | How the Crash Will Reshape America | Richard Florida

the financial crisis may ultimately help New York by reenergizing its creative economy. The extraordinary income gains of investment bankers, traders, and hedge-fund managers over the past two decades skewed the city’s economy in some unhealthy ways.

www.theatlantic.com/...meltdown-geography - Preview

new_york economy real_estate housing_bubble creativity richard_florida urban united_states history industry labor detroit phoenix suburban landscape infrastructure transportation automobile

The University of Chicago economist and Nobel laureate Robert Lucas declared that the spillovers in knowledge that result from talent-clustering are the main cause of economic growth. Well-educated professionals and creative workers who live together in dense ecosystems, interacting directly, generate ideas and turn them into products and services faster than talented people in other places can. There is no evidence that globalization or the Internet has changed that. Indeed, as globalization has increased the financial return on innovation by widening the consumer market, the pull of innovative places, already dense with highly talented workers, has only grown stronger, creating a snowball effect. Talent-rich ecosystems are not easy to replicate, and to realize their full economic value, talented and ambitious people increasingly need to live within them.
Los Angeles is a mecca for media and entertainment; San Jose and Austin developed significant, innovative high-tech industries; Houston became a hub for energy production; Nashville developed a unique niche in low-cost music recording and production; Charlotte emerged as a center for cost-effective banking and low-end finance.

But in the heady days of the housing bubble, some Sun Belt cities—Phoenix and Las Vegas are the best examples—developed economies centered largely on real estate and construction. With sunny weather and plenty of flat, empty land, they got caught in a classic boom cycle. Although these places drew tourists, retirees, and some industry—firms seeking bigger footprints at lower costs—much of the cities’ development came from, well, development itself. At a minimum, these places will take a long, long time to regain the ground they’ve recently lost in local wealth and housing values.
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- But that was then; the economy is different now. It no longer revolves around simply making and moving things. Instead, it depends on generating and transporting ideas. The places that thrive today are those with the highest velocity of ideas, the highest density of talented and creative people, the highest rate of metabolism. Velocity and density are not words that many people use when describing the suburbs. The economy is driven by key urban areas; a different geography is required.
- The housing bubble was the ultimate expression, and perhaps the last gasp, of an economic system some 80 years in the making, and now well past its “sell-by” date. The bubble encouraged massive, unsustainable growth in places where land was cheap and the real-estate economy dominant. It encouraged low-density sprawl, which is ill-fitted to a creative, postindustrial economy. And not least, it created a workforce too often stuck in place, anchored by houses that cannot be profitably sold, at a time when flexibility and mobility are of great importance.
- our government policies should encourage renting, not buying. Homeownership occupies a central place in the American Dream primarily because decades of policy have put it there. A recent study by Grace Wong, an economist at the Wharton School of Business, shows that, controlling for income and demographics, homeowners are no happier than renters, nor do they report lower levels of stress or higher levels of self-esteem.
  
  And while homeownership has some social benefits—a higher level of civic engagement is one—it is costly to the economy. The economist Andrew Oswald has demonstrated that in both the United States and Europe, those places with higher homeownership rates also suffer from higher unemployment. Homeownership, Oswald found, is a more important predictor of unemployment than rates of unionization or the generosity of welfare benefits. Too often, it ties people to declining or blighted locations, and forces them into work—if they can find it—that is a poor match for their interests and abilities.
- liberal zoning and building codes within cities to allow more residential development, more mixed-use development in suburbs and cities alike, the in-filling of suburban cores near rail links, new investment in rail, and congestion pricing for travel on our roads. Not everyone wants to live in city centers, and the suburbs are not about to disappear. But we can do a much better job of connecting suburbs to cities and to each other, and allowing regions to grow bigger and denser without losing their velocity.

13 May 08

A psychological tour of the United States, in five maps.

www.boston.com/...here_do_all_the_neurotics_live - Preview

richard_florida creativity personality

This fuels a process of selective migration whereby agreeable and conscientious regions are drained of the most driven, most creative, and most mobile - only reinforcing their psychogeographic profiles, while magnifying the innovative edge in places where open-to-experience types concentrate.
Our evolving psychogeography means that our nation, its people, and its regions continue to sort themselves not just by education and skill, but by personality as well.