Traditonal Strategies and Tools of Economic Development
Written on June 20, 2015 at 2:25 pm, by The Economic Development Curmudgeon
What if anything do estimated economic multipliers really mean? What are some basic principles policymakers should use when thinking about the prospective impact of new projects in their communities? Click Questioning the Value of Economic Multiplier Estimates and see what Edward G. Keating, Irina Danescu, and Robert Murphy from the RAND Corporation have to say?
Written on May 12, 2015 at 1:43 pm, by The Economic Development Curmudgeon
Can you believe up to now no one has written a modern history of American chambers of commerce? Not until Chris Mead recently published his one-of-a-kind Magicians on Main Street. So let’s use Magicians of Main Street and investigate how well the conventional wisdom concerning the FIRST Wave of economic development holds up. If the First Wave doesn’t prove accurate–what does it say about the other two waves?
Written on February 11, 2015 at 4:28 pm, by The Economic Development Curmudgeon
Marc J. Dunkelman, The Vanishing Neighbor: the Transformation of American Community Why should an economic developer read a political sociology book? Because economic growth or decline is not simply the result of good and bad economics! Politics, cultural values, and changes in our personal lifestyles and relationships surprisingly can affect our success at the local and state levels. Despite its strange sounding name, the Vanishing Neighbor explores how economic changes generate societal changes with political consequences that make it difficult to develop effective solutions to address economic and social problems in our communities. What happens if societal change causes economic stagnation, inequality, and political gridlock? That’s what Dunkelman is trying to help us think through. Why does a vanishing neighbor change how we do our jobs?