Richard Florida, the well-known economist and urban theorist, says the Capital Region of Albany is one of the top 25 areas for the young and ambitious.
Back in 2002, urban guru Richard Florida published his influential book “The Rise of the Creative Class,” which highlighted the importance of so-called “creatives” — artists, graphic designers, architects, and others — to the vitality of cities trying to overcome long-term decline. Florida’s book helped set the agenda for many a city, including Detroit, where the CEO group Business Leaders for Michigan launched the Detroit Creative Corridor Center in 2010.
The title of urbanism theorist Richard Florida’s latest book–The New Urban Crisis: How Our Cities are Increasing Inequality, Deepening Segregation, and Failing the Middle Class and What We Can Do About It–outlines the defining tensions in our cities today. In earlier writing, Florida defined many of the progressive notions about how the creative class could drive social and economic progress, but these notions have fallen short. In this book, he reckons with the failings and promise of his theories, and suggests course corrections to help cities become more equitable.
In the spirit of the winter reading season, The Hill Times trotted down to the Hill to ask Parliamentarians what books they were plowing through, some of which may appear in our upcoming books special Dec. 18.
Economic inequality is a well-known issue in the United States and around the developed world. Not only has a gulf grown between the haves and the have-nots, but so has the gap between the haves and the have-mores.
Nearly 20 years ago, urban theorist Richard Florida identified a group of highly-skilled workers whose outsized contributions were driving economic change and development in cities around the globe. His book, “the Rise of the Creative Class” detailed the characteristics of this type of worker and more importantly how to nurture and attract them. Its core findings were adopted by mayors worldwide. The trends identified in Florida’s research contributed to the seismic shifts, growth and revitalization in downtowns large and small. Those changes have not been painless for all involved and have lead to what Florida, in his new book, calls the “New Urban Crisis.” So when Richard Florida asks What the Future, he wonders if developers are recognizing the new realities.
Fortunately, when it comes to cities, there is Richard Florida, director of the Martin Prosperity Institute at the University of Toronto’s Rotman School of Management and author of The Rise of the Creative Class, which explained how a new generation of people was reviving ailing industrial centres. Now, he is explaining how that trend is, among other factors, helping to intensify the issues confronting many urban centres. The New Urban Crisis is subtitled “Gentrification, Housing Bubbles, Growing Inequality and What We Can Do About It”, and, while Florida’s analysis of how we got here is unsurprisingly insightful, it is that last bit that is crucial.
In a new book titled “The New Urban Crisis,” Florida reverses much of his earlier optimism about the potential of knowledge-hub cities. These metropolises, he contends, have now become engines of inequality and exclusion.