Density Can Drive Prosperity

David Roberts at Grist argues that density doesn't just have those hippie benefits like improving the environment or creating communities - it also can create engines of prosperity and economic growth.

Roberts breaks it down:

"Here's the basic idea: When smart, skilled people start to gather in a place, the process becomes self-perpetuating. More smart, skilled people show up to be near the others. And the more smart, skilled people you get close together, the more you reduce transaction costs and increase "knowledge spillover," which leads to commerce and innovation."

He points to Economics of Agglomeration: Cities, Industrial Location, and Regional Growth by Masahisa Fujita and Jacques-Francois Thisse as evidence.

Full Story: Great places: smart density as part of economic flourishing

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95