05 Sep '11, 12pm

Ryan Avent's The Gated City: Are NIMBYs Killing The Economy? (Book Review)

Ryan Avent's The Gated City: Are NIMBYs Killing The Economy? (Book Review)

Avent's thesis is that the growth of our economy is stunted because people cannot afford to live where the jobs are being created (Silicon Valley and New York City are examples) and that's because of restraints on density and development. Our thriving cities fall short of their potential because we constantly rein them in because we worry that urban growth will be unpleasant. The residents of America's productive cities fear change in their neighborhoods and fight growth. In doing so they make their cities more expensive and less accessible to people with middle incomes. These middle income workers move elsewhere, reducing their own earning power and the economy's potential in the process. He lists all the usual suspects, the tools that the NIMBYs use to delay stop development: zoning rules, historical designations, public pressure "to preserve neighborhoods, views, and bu...

Full article: http://www.treehugger.com/files/2011/09/ryan-avent-gated-...

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