Edward Glaeser on Cities
EconTalk
00:00
What Is Wrong With Detroit?
The seeds of detroit's industrial decline were, i think, set in this very large, very large, firm intensive industrial mono r. It is so natural and so attractive to plunk down a new skyscraper and declare cleveland that has come back or to build a mono rail. For some reason, a you get short term headlines, even when this intera structure is totally ill suited for the actual needs of the city. The whole mark of declining cities is that you have an abundance of structures and intra structure relative to the level of demand in that city.
Play episode from 13:01
Transcript
