Key Urban Insights
The Spatial Equilibrium is our organizing concept.
Agglomeration economiesproductivity rises withdensity and area size.
Human capital matters both in levels (wages andproductivity) and for growth (population).
There are significant diseconomies of density: disease,congestion, crime.
People increasing move to areas that are pleasant aswell as productive (rise of the consumer city).
Housing policy, especially constraints on supply,matters for quality of life and city growth.