Innovation is too important a concept, too serious a strategy to be treated with the casualness, simplicity and inevitable benevolence that we read in current literature and blogs. Innovation has become so trivialized we have lost sight of its Luke Skywalker/Darth Vader two edge sword complexity. Instead we have an “everything is beautiful” and it’s “so easy we all can do it” atmosphere. It’s time we sobered up and remember that Innovation is a wonderful but dark, dirty, greedy, timeconsuming and very sloppy economic development strategy.
An instant best-seller, Edward Glaeser”s, The Triumph of the City, is an unabashed love sonnet for the world’s largest cities. Triumph appears to be a clarion call and a focused strategy of ensuring these large central cities are able to maintain their cutting edge as the engines of world prosperity. But does Glaeser want to save all cities? Or just a chosen few?
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”?