Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 26 January 2020

Abstract and Keywords

Research in recent years has reemphasized the importance of institutions that best poise entrepreneurs to succeed. This idea has been enriched over the years with the insights of Joseph Schumpeter F. A. Hayek, Douglass North, and many others. This article surveys recent work in urban economics and suggests that its challenge is to explain how entrepreneurs and others can be spatially poised to succeed. It calls attention to the underestimation of urban structure as a factor explaining affluence. Parallel to Douglass North's explanation that institutions matter, it describes how cities matter. It argues that favorable institutions make it possible to get favorable spatial arrangements, and both of them are essential to economic growth. Furthermore, it argues that urban form matters to economic growth. It also challenges policy discussions that presume planners can and should attempt to reorganize urban structure.

Keywords: urban structure, entrepreneurs, urban economics, economic growth, cities, spatial arrangements

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.