Finding Equilibrium: What Makes a City Powerful?
Content based on Edward Glaeser’s work: Economics Approach to Cities. Cities are an area of economics focus because they represent a clustering of people where government policy cannot be avoided due to externalities outside the market mechanism so these policies generate economics discussions. Cities are a special type of equilibrium where people are part of the equilibrium with all their considerations. Externalities are when your voluntary transaction with someone impacts...
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