I cannot emphasize this point strongly enough--it is essential to understand thishttps://twitter.com/380kmh/status/800411221174403073 …
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This is the central theme of "The Economy of Cities" by Jacobs--city import replacement as the engine of city growth.
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Jacobs takes Chang's pro-tariff historical refutation of Ricardo down to the subnational level and shows it still applies.pic.twitter.com/K9mD5RzyxI
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This is part of why I'm an economic localist w/a soft spot for dreams of polis-level self-governance.
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likewise! I want to find ways to combine the advantages of nations with those of city-states
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For busy people, there is a PKrugman essay, I think "The localization of the world economy" which conveys the basic insight
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Mostly people have a view of urban economies that is straight out of "The Jungle" - each city is 75%+ exports
End of conversation
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