Section 2: Jacobs’ Urban Economics
From: Cities Matter
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.
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.