Today, Creative Class doctrine has become so deeply engrained in the culture that few question it. Why, without any solid evidence, did a whole generation of policy makers swallow the creative Kool-Aid so enthusiastically? One reason is that when Florida’s first book came out, few experts bothered debunking it, because it didn’t seem worth debunking. “In the academic and urban planning world,” says Peck, “people are slightly embarrassed about the Florida stuff.” Most economists and public policy scholars just didn’t take it seriously.Amen.
This is partly because much of what Florida was describing was already accounted for by a theory that had been well-known in economic circles for decades, which says that the amount of college-educated people you have in an area is what drives economic growth, not the number of artists or immigrants or gays, most of whom also happen to be college educated. This is known as Human Capital theory, mentioned briefly above, and in Hoyman and Faricy’s analysis, it correlated much more highly with economic growth than the number of creative class workers. “Human capital beat the pants off creative capital,” Hoyman said. “So it looks like growth is a human capital phenomenon—if you’ve got a lot of educated people. We’re in a knowledge economy, where human capital is worth a lot more than just showing up for work every day.” In other words, if there was anything to the theory of the Creative Class, it was the package it came in. Florida just told us we were creative and valuable, and we wanted to believe it. He sold us to ourselves.
Wednesday, June 20, 2012
The Creative Class
Just a note today to point out a nice little article on the "Creative Class" idea and how it is mostly a whole lot of hot air. Here is a nice little excerpt that I happen to agree with:
at 3:02 PM