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ISBN: 9781771863049-05

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City Instabilities

Section 2: Jacobs’ Urban Economics

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From: Cities Matter

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Chapter 5 examines the weaknesses of cities. The chapter focuses on exploring the built-in instabilities of cities such as congestion, pollution, crime, labour reducing process innovations, Schumpeter’s theory of “Creative Destruction,” and obsolescence.

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Charles-Albert Ramsay

Charles-Albert Ramsay is a Montreal economist and teacher with an MA in Economics from the Université de Sherbrooke. As a journalist, he has reported on new business projects in cities throughout Canada and internationally. Specializing in innovation and urban economics, he has taught economics at Dawson College and Kiuna Institution in Quebec.