22 Days Inward Paul Krugman's Masterclass (Day 18) (San Francisco Has To Cash Inward One's Chips To A Greater Extent Than Costless Market)

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Title : 22 Days Inward Paul Krugman's Masterclass (Day 18) (San Francisco Has To Cash Inward One's Chips To A Greater Extent Than Costless Market)
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22 Days Inward Paul Krugman's Masterclass (Day 18) (San Francisco Has To Cash Inward One's Chips To A Greater Extent Than Costless Market)

Lesson eighteen inwards Paul Krugman's Masterclass is seven minutes together with 31 seconds long.

Ok, from the start, I wish to instruct inwards clear, I am giving Krugman an H5N1 for this lesson. He likely deserves exclusively a B+ but it is thus much amend than his other lessons I am giving him a semi-deserved break.

In this lesson, Krugman discusses "economic geography." His points are right but I simply don't intend he is a dandy clear presenter of ideas.

He starts off past times noting that earlier Silicon Valley became such a powerful tech sector, it was known every bit beingness a major apricot growing sector.

He together with then asks, thus why has it bloomed into such a major tech sector? And he answers past times discussin positive feedback loops, blah, blah blah, together with he is right but he fails to brand his shout for understandable.

He could have, every bit an example of feedback loops, said that if the starting fourth dimension software engineers were located inwards Silicon Valley, together with then it would brand feel for other high tech firms to locate where in that place would last a ready access puddle of such engineers, every bit opposed, to say, Hollywood.

But it would explicate why anyone who wants to instruct inwards in movies ends upwards inwards Hollywood because that's where the painting production studios are. And it is why production studios goal upwards inwards Hollywood because that is where the acting talent together with behind the scenes production people are. Positive feedback loop.


Krugman too points out that in that place seems to last a dandy line toward the creation of major metropolitan areas because people abide by these attractive, amongst all they offer,  compared to rural areas.


He together with then hits a habitation run past times saying that, given this wish for large metropolitan areas, he would thin to a greater extent than free market amongst regard to San Francisco edifice regulations together with then be similar a shot because a lot of people wish to alive in that place together with if y'all don't instruct upwards [taller buildings], it is exclusively going to last a metropolis for the real wealthy.


All hail Paul Krugman every bit hereafter San Francisco  fundamental planner! 


-RW 

Links to discussions of all Krugman's Masterclass lessons are here.







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