Sublime

When a city doubles in size, every measure of economic activity increases by 15 per cent per person.

The way to raise the tax base of a city is not at all to exploit to the limit the short-term tax potential of every site. This undermines the long-term tax potential of whole neighborhoods. The way to raise a city’s tax base is to expand the city’s territorial quantity of successful areas. A strong city tax base is a by-product of strong city

It turns out that sociability, not efficiency, is the true killer app for cities.

and strategic investment underpinning economic growth. We used deductive reasoning to derive general properties of cities, such as scaling relations and the laws of geography, as averages of processes over populations and time. We have seen that such “laws” describe the system as a whole but, like any average, do not actually apply to any specific

Everybody gets levered up the wazoo. If you can’t save because money does not retain value, then you have to be fully invested. If capital has all been misallocated such that price signals are unreliable and losses are artificially sustained, then any minor advantage has to be levered to achieve a satisfactory return. And if interest rates are

Een Amerikaans onderzoeker noemt het The Great Urban Poverty Paradox. Hij meent dat grote steden met veel arme mensen trots mogen zijn omdat ze zoveel mensen een kans op welvaart bieden.5