The Importance of Scaling in Economics

We're unable to make strong predictions for most things in cities. And so perhaps the easiest way to predict cities is by inventing them somehow you say. I think that one of the kind of key features that has been developed by Jeff West and his colleagues such as Louis Benton Court and so on, they have resurrected the idea of scaling in terms of economics and also biology. So it's a sort of a treat really from this very strong positive model that one can make firm predictions in that way.

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