The stunning election of Donald Trump as president throws the future of urban policy into doubt. During the campaign he promised to bring new jobs and improved infrastructure to the inner cities, but so far he has furnished no details. Some of the strategies carried out by cities and states in the past may offer the incoming administration some guidance.
Speaking as a Unit of Human Capital
Written by The Economic Development CurmudgeonThis inequality debate is nothing but potential trouble for economic developers? As a profession, we might get ourselves caught in its crosshairs. Depending on one's explanation for inequality, an economic developer can potentially produce inequality no matter what he or she does. The first step in dealing with inequality is to understand what causes it. For one answer we turn to Brink Lindsey, Human Capitalism: How Economic Growth Has Made Us Smarter--And More Unequal. Lindsey is presently with the Cato Institute and a former Senior Research Fellow at Kauffman. His argument turns knowledge-based economics, a popular economic development approach, on its head--suggesting it inadvertently plays a major role in causing inequality. Continue Reading...