Welcome. I started this blog for my economics students, but any other fans of economics (and science or history) are welcome. My goal for this blog is to provide background on current events. Hopefully, the links to interesting newspaper articles, videos, data, books, web sites, and research will convince you that economics is fascinating and relevant to your life.
Too big to work - This article suggests that congestion issues are leading business to choose smaller - more manageable sized cities all over the world. Mumbai gets special attention - and not the good kind.
The Journal also had a very prescient piece a few years ago on the rise of the mega-region. Essentially, they claim that the world's 40 mega regions account for 2/3 of economic output and 85% of global innovation.
Referencing the "efficient cities", if reasonable (time and comfort) transport can take place within the regions, then job mobility can become reality along with greater quality of living. Meaning, I don't have to pay exorbitant city/suburb home pricing.
As an original denizen of "fly-over" country, what we all want is big city salaries with middle America cost of living, but not spend 2 hours in transit each day.
The Journal also had a very prescient piece a few years ago on the rise of the mega-region. Essentially, they claim that the world's 40 mega regions account for 2/3 of economic output and 85% of global innovation.
ReplyDeletehttp://online.wsj.com/article/SB120796112300309601.html
Referencing the "efficient cities", if reasonable (time and comfort) transport can take place within the regions, then job mobility can become reality along with greater quality of living. Meaning, I don't have to pay exorbitant city/suburb home pricing.
As an original denizen of "fly-over" country, what we all want is big city salaries with middle America cost of living, but not spend 2 hours in transit each day.