Our discussion on the New Normal and the Post-Financial Crisis centers chiefly around two important publications. The New Normal label was developed by Mohamed El-Erian, CEO of America’s largest asset manager, PIMCO. The second conceptual position is drawn from Reinhart & Rogoff’s, This Time is Different. El-Erian put his concept together in 2008-2009 period and Reinhart and Rogoff in early 2010. They have been mostly right thus far into 2012.
Probably the most well known and often used approach to classifying your community’s politics and local culture–PATCHWORK NATION. What’s the theory behind it’s classification system? How can it help you in your economic development initiatives?
The Big Sort may be one of the most underappreciated books applicable to local economic development. Dealing with how the culture wars emerged in our cities and towns over the last serveral decades, the Big Sort provides some valuable perspective about the links between culture, politics and local economic development.
If you want to make sense of your community’s politics and political values, maybe you’d best understand how the Founding Fathers (and Mothers, of course) thought! American Nations goes back to the beginnings to explain how citizens think and vote today.
Richard Florida’s latest and greatest. Get his ideas on how we should deal with the “Opportunities” created by the New Normal and the Financial Crisis.
The New Normal has acquired a new label — Richard Florida calls it “The Great Reset”. Ever heard of the “Spatial Fix? Discover what Florida believes to be opportunities arising from our present, rather dismal world. Warning! You must be talented and creative to enter this brave new world. Once again the Old Curmudgeon offers his usual fare of blather, summary, and critique–alongside a few morsels of real information and perspective.
The Curmudgeon thinks State Business Climate will be a very prominent economic development strategy during the New Normal period–for the wrong reasons. Sadly, that poor withered soul strongly believes that the concepts and methodologies, which underscore business climate as an economic development strategy, are seriously flawed. In his warped mind he sees the business climate strategy rests upon indexes constructed […]
This month the Curmudgeon is wandering into the politics and local economic development topic. But warning is in order; the pompous fool is not going to concern himself with the obvious everyday practitioner concern of how to best cope with the deleterious effects of political meddling into solid and effective local programs and initiatives. Instead, the old codger is delving into various “theories” of local politics and their implications on local economic development. This is on top of last month’s theme of growth and innovation economics in which the Curmudgeon again focused on “theories”, this time economic. What is with this fascination with “theories”?
The topic this month is urban political science theories and approaches. The question we pose is if urban political scientists offer any guidance to economic developers in field on how to cope with politics in their daily job? Do they provide some description, case studies, outlines or analysis of the forces which whipsaw practicing economic developers? Do their theories and approaches offer some degree of understanding what goes on politically with the sub-state politics and program administration? This question allows the Curmudgeon to present a review of how urban political scientists conceptualize urban politics in a vein similar to last month’s assessment of the underlying economic theory of innovation and the knowledge economy. At the same time, the review could offer nuggets of assistance to the struggling economic developer. God knows, the economic developer in the field can use some help with politics.
Innovation or growth economics is everywhere, but should it be taken at face value as a non partisan solution to present day economic woes and the single best strategy for local economic development? Let’s dissect the National Governors Association report, “Innovation America: the Final Report”. Is the really deep down justification for innovation and growth economics political, not economic? Like an iceberg, it’s what you don’t see that sinks ships.