Paperback: 272 pages
Publisher: Vintage; Reprint edition (March 12, 1985)
Language: English
ISBN-10: 0394729110
ISBN-13: 978-0394729114
Product Dimensions: 4.3 x 0.6 x 7.2 inches
Shipping Weight: 4 ounces (View shipping rates and policies)
Average Customer Review: 4.9 out of 5 stars See all reviews (16 customer reviews)
Best Sellers Rank: #168,785 in Books (See Top 100 in Books) #22 in Books > Business & Money > Economics > Urban & Regional #294 in Books > Politics & Social Sciences > Sociology > Urban #450 in Books > Business & Money > Biography & History > Economic History
"Any settlement that becomes import-replacing becomes a city." Cities and the Wealth of Nations, Jane JacobsWritten by an economist, this is a very unusual book. Ms. Jacobs is not hampered by orthodox preconceived notions, misleading postulated theoretical myths like utility optimization, rationality, or efficient markets. These standard phrases of neo-classical economic theory cannot be found in her book. Instead, and although her discussion is entirely nonmathematical, she uses a crude qualtitative idea of excess demand dynamics, of growth vs. decline. Her expectation is never of equilibrium. The notion of equilibrium never appears in this book. Jacobs instead describes qualitatively the reality of nonequilibrium in the economic life of cities, regions, and nations. She concentrates on the surprises of economic reality.Jacobs argues fairly convincingly that significant, distributed wealth is created by cities that are inventive enough to replace imports by their own local production, that this is the only reliable source of wealth for cities in the long run, and that these cities need other like-minded cities to trade with in order to survive and prosper. Her expectation is of growth or decline, not of equilibrium. If she is right then the Euro and the European Union are a bad mistake, going entirely in the wrong direction. As examples in support of her argument she points to independent cites like Singapore and Hong Kong with their own local currencies. Other interesting case histories are TVA, small villages in France and Japan, other cases in Italy, Columbia, Ethiopia, US, Iran, ... .
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