Human Capital , Quality of Place , and Location September 2000

@inproceedings{Arora2000HumanC,
  title={Human Capital , Quality of Place , and Location September 2000},
  author={Ashish Arora and Richard Florida and Gary J. Gates and Mortimer J. Kamlet},
  year={2000}
}
1 If we postulate the usual list of forces, cities should fly apart. The theory of production contains nothing that holds a city together. A city is simply a collection of factors of production – capital, people, and land-and land is always far cheaper outside cities than inside. Why don't capital and people move outside combining themselves with cheaper land and thereby increasing profits? Of course people like to live near shopping and shops need to be located near their customers, but… CONTINUE READING

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