The educational-municipal complex
By Danny Mayer
Editor’s Note: This should be the first in a three-part look at Town/Gown economic relationships
“[H]ow people react when something is publicly staring them in the face is one thing. How they react in the much more common situation where the gloom of obscurity hides the unpleasant facts is another.”
Lexington Herald Leader, “Cut-and-paste lessons,” March 15, 2011
Angelou Economics is one of a relatively new breed of business, urban economic development consultants, that has arisen over the past 20 years. Mostly, such groups adhere to a set of assumptions most popularly espoused by the academic Richard Florida. Florida’s general thesis holds that creativity drives growth. Because of this, Florida concludes, city survival depends upon attracting the somewhat limited global class of creative people who make cities grow—real selective consumers who, alas, apparently circulate the world looking diligently for cool places in which to live and/or visit.