Fast Company continues its Leadership Hall of Fame series, a year-long look at the top business books and authors, with an excerpt from The Rise of the Creative Class (2003) by Richard Florida
Interesting perspective for Miami’s economic future, from bestselling author and economic development expert Richard Florida, who finds market trends reveal a rising of the creative class. While Florida acknowledges the difficulty of our current economy, he also depicts the composition for the possibilities.
We need to recognize that a whole new economy and society based upon creativity and innovation is emerging and that, as a consequence, it is of vital importance that we reinvent our communities, our schools, our businesses, our government to meet the challenges such major structural shifts present.
LA is the place where people come to create and innovate. That’s what Richard Florida is pointing out in his research on artists and cultural “creatives” in his Atlantic blog.
Reconstructing the Icelandic economy will take more than increased fishing quotas. More than a new aluminium smelter. It will require a new way of thinking. Professor Florida coined the term ‘the creative class’ to identify a socio-economic class of people that he believes will drive economic growth in modern societies through creativity.
Dramatic change has come to the Blue States of the Northeast, once Republican bastions turned solidly Democratic.
For those who hold strongly to the belief that cities are the engines of development, Florida’s thesis on the clustering of creative people has provided a concrete path to development. What the urban managers and planners have to do is to attract creative people to their cities.
In an interview with EurActiv, Richard Florida, author of ‘The Rise of the Creative Class’, said European countries are battling to attract and retain innovative people.
The creative class – innovative knowledge workers in all sectors of the economy – will rule the 21st century. So argued social scientist Richard Florida in a seminal article (and later a book), written in 2002. But what does it mean for creative class employees to show leadership? And what does this imply for conventional leadership?