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The Gated City (Kindle Single)
 
 

The Gated City (Kindle Single) [Kindle Edition]

Ryan Avent

Kindle Price: £0.99 includes VAT* & free wireless delivery via Amazon Whispernet
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Product Description

Product Description

Something has gone wrong with the American economy. Over the past 30 years, great technological leaps failed to translate into faster growth, more jobs, or rising incomes. The link between innovation and broad prosperity seems to have broken down.

At the heart of the problem is a great migration. Families are fleeing the country's richest cities in droves, leaving places like San Francisco and Boston for the great expanse of the Sunbelt, where homes are cheap, but wages are low.

In The Gated City, Ryan Avent, The Economist's economics correspondent, diagnoses a critical misfiring in the American economic machine. America's most innovative cities have become playgrounds for the rich, repelling a cost-conscious middle class and helping to concentrate American wealth in the hands of a few. Until these cities can provide a high quality of life to average households, American economic stagnation will continue.

Product details

  • Format: Kindle Edition
  • File Size: 458 KB
  • Print Length: 90 pages
  • Simultaneous Device Usage: Unlimited
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B005KGATLO
  • Text-to-Speech: Enabled
  • X-Ray: Enabled
  • Amazon Bestsellers Rank: #135,498 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 3.9 out of 5 stars  9 reviews
23 of 24 people found the following review helpful
4.0 out of 5 stars Compelling, but repetitive 4 Sep 2011
By Jeremy Aldrich - Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
For the greater part of this longer-than-usual Kindle Single, the author repeats and reframes his central thesis which I think he most concisely expresses towards the end: "The cost of housing in places like San Francisco and New York reflects one very clear, striking fact - there are many, many Americans that would love to live in places where they would be more productive and less of a contributor to climate change, if oly the locals would allow markets to respond to housing demands."

Using a series of examples, the argument is put forth that dense cities are good for both human and economic progress, that market forces should be allowed to work, and that NIMBY instincts are ultimately counter-productive. In the short section presenting possible solutions, the author highlights strengthening urban property rights, building "alternative downtowns", and compromising with anti-development forces by offering new connections to mass transit systems.

This is a sensible persuasive piece, the kind of compassionate libertarianism you might expect to read on a particularly good blog. It would have been improved if the author had gotten to the point a bit faster, but it is an argument worth considering.
9 of 9 people found the following review helpful
4.0 out of 5 stars Interesting and Informative 30 Sep 2011
By Dr. Bojan Tunguz - Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
Many of America's large cities and their surrounding metropolitan areas are among the most interesting, dynamic, and economically favorable places to live. Some of them, like the San Francisco Bay Area, can also boast unparalleled natural beauty and extremely favorable climate. And yet, these places are experiencing demographic downturns and loss of population, oftentimes to much less attractive locations. This is an unfortunate state of affairs for almost everyone involved: more and more people don't live in their preferred locations, the attractive cities lose a lot of the most energetic and mobile workforce, the destination cities have to deal with an increased urban sprawl, and the national economy overall loses billions of dollars in potential productivity.

In "The Gated City" Ryan Avent tries to get to the bottom of the problem of ever more inaccessible large US cities. He argues fairly persuasively that the current situation has major economic consequences, although I am not so sure that it's in fact one of the main causes of the present economic recession. Avent also seeks to find out the root cause of this problem and contends that it's mostly due to the bad case of NIMBY: the "not in my back yard" attitude of many residents in the major urban areas. These residents through the political process exercise an influence on the building permits and the zoning laws that far exceeds their economic clout. Avent provides a few interesting studies that support his main claims, and many of those are very informative and revealing. Avent also attempts to provide a solution for this problem, and suggests a few policies that may force large cities to be more accessible to middle class residents. Some of those policies seem reasonable, but a few (such as an increased gasoline tax) are a bit unreasonable in the present political and economic climate.

I only have a couple of issues with this short single. At the equivalent of ninety printed pages this is the longest of these singles that I have thus far come across. The writing is for the most part pretty good, but the book is too drawn out. Many points are belabored and repeated several times. A single that is half as long, or even a third of its length, would have gotten all the main points equally across. Another thing that I was less than enthusiastic about is the fact that many statements, observations, and explanations are insufficiently buttressed by empirical evidence. I am largely sympathetic to most of the points that were raised in this single, but would have liked to see them more substantiated.

Overall, this single is very well written and researched, with numerous references at the end. Well worth the read despite a few shortcoming.
7 of 8 people found the following review helpful
5.0 out of 5 stars An excellent explanation of how neighborhood actions affect the national economy 12 Sep 2011
By J6 - Published on Amazon.com
Format:Kindle Edition|Amazon Verified Purchase
This is the book I wished I could write. Avent aggregates phenomena occurring in local neighborhoods around the country and connects this to declining national productivity vis-a-vis high housing prices in high-wage cities and the sunbelt's growth-fueled growth. The core argument, that NIMBYISM is destroying America, is well-developed. Rational actors in communities across America seek to minimize property risk and protect their neighborhoods by reducing the density of new projects or preventing them entirely. This leads to sub-optimal location decisions for many new residents, who locate in exurban greenfield development or leave regions altogether.

Avent presents transit-oriented-development as a uniquely American solution to combat the effects of NIMBYISM. The pamphlet is concise and Avent focuses on his core argument. Thus, he only touches on how transit-oriented-development can mitigate the negative impacts associated with higher densities. I was left longing for more of Avent's prose focused on strategies to address NIMBYISM and combat its effects on non-incumbent households and national productivity.
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Popular Highlights

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&quote;
Our thriving cities fall short of their potential because we constantly rein them in, and we rein them in because we worry that urban growth will be unpleasant. &quote;
Highlighted by 88 Kindle users
&quote;
America has made its most productive locations ever less accessible. The best opportunities are found in one place, and for some reason most Americans are opting to live in another. &quote;
Highlighted by 86 Kindle users
&quote;
The biggest factor driving people from the coast to the desert is the cost of living, and the difference in cost of living is overwhelmingly driven by the exorbitant price of housing in the Bay Area. &quote;
Highlighted by 62 Kindle users

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