Boston is a wealthy city in its own right; it can afford to import shoes, and does import them. It earns these imports with its exports...
-
-
-
...including those things which Boston is uniquely good for: medical research, robotics, higher education, etc...
-
...but it also SUPPLEMENTS its unique exports with exports of things that just about any city can make, like sneakers.
-
To the extent that it does this, it changes those goods from things it spends its exports on to things it earns more imports with.
-
This is the central theme of "The Economy of Cities" by Jacobs--city import replacement as the engine of city growth.
-
Jacobs takes Chang's pro-tariff historical refutation of Ricardo down to the subnational level and shows it still applies.pic.twitter.com/K9mD5RzyxI
-
This is part of why I'm an economic localist w/a soft spot for dreams of polis-level self-governance.
-
likewise! I want to find ways to combine the advantages of nations with those of city-states
- 2 more replies
New conversation -
-
-
Jacobs "Economy of Cities" (not to be confused w/her more famous book) is about this: healthy metros must make their own stuffpic.twitter.com/rG88RLNlaj
-
I maintain that Economy of Cities OUGHT to be her most famous book--it's fantastic
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.