Lee Fisher and Joe Cortright review top summer reads for urban leaders,including Richard Florida’s The Rise of the Creative Class Revisited.
Florida revisits his book The Rise of the Creative Class and rewrote it to reflect modern times. In The Rise of the Creative Class–Revisited: 10th Anniversary Edition–Revised and Expanded, he explores what social forces brought down the traditional corporate world and led to a rise in the counterculture.
Four years after the great economic and financial crash of 2008, the U.S. economy continues to sputter and Europe teeters on the brink of economic collapse. Only one advanced nation has been able to rebound to pre-crisis levels of jobs and economic output: Canada.
Excerpted with permission from The Rise of the Creative Class Revisited: 10th Anniversary Edition, by Richard Florida. The tectonic upheavals our economy is enduring are the result not just of ﬁnancial shenanigans by the global One Percent, but of a deeper and more fundamental shift — the passing of the old industrial order as it gives way to the emerging Creative Economy. If we wish to build lasting prosperity we cannot rely on market forces and the Invisible Hand alone to guide us. The grand challenge of our time is to invent new institutional structures that will guide the emergence of a new economic order, while channeling its energies in ways that benefit society as a whole.