ECON 155 Lecture Notes - Lecture 1: Arbitrage, Snowbelt
Document Summary
Application of economic analysis to urban problems(economics development, housing problems, transportion congestion, resource/energy use, infrastructure finance, environment/quality f life) There are more jobs in sunnyvale, palo alto, etc. but most people take the train to sf instead. Zoning - housing as a commodity, housing policy, transportation. General framework: demand for and supply of city-space. Cities fit into economic function of society( trading cities, supplying. Ponzi scheme because people keep coming due to promise of freedoms almost all cities form to make the market force. Boston is the only colonial city driven by cultural motivation as opposed to consumer city. Economic reason to exist(shipping, competition, innovation) - center of long distance trade. New york grew much faster than other cities because it has better ports and tech and location. Eerie canal gave new york a huge agricultural hinterland. This is more important to great lakes because there is growth of cities in the interior the interior.
