What Critics Get Wrong About Creative Cities - Jobs & Economy - The Atlantic Cities - 1 views
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Brian G. Dowling on 30 May 12This is what Jane Jacobs taught us long ago in her book The Economy of Cities. This is what the Nobel Prize winning economist Robert Lucas meant when he formalized Jacob's argument into a theory of "human capital externalities" that stem from the dense clustering of people in cities as the basic mechanism of economic growth. Cities themselves power economic progress, driving artistic, technological, and overall economic growth at one and the same time.