Enrico Moretti's new book is The New Geography Of Jobs 0547750110

Arnold Kling loves it.

Jun'2012 update: Russ Roberts interviewed Moretti. Here's a listener's guide.

Jul'2012: John Tamny reviews it. Enrico Moretti’s The New Geography of Jobs makes the essential case in support of individual mobility, and for doing so is easily the most important read of 2012. The Cal-Berkeley economic professor’s book is extremely necessary for politicians and commentators alike, and it is despite some conclusions from the author that make very little sense. But before addressing some of the book’s wrongs, it’s worthwhile to address just why it’s so worthwhile... Perhaps the most useful myth that Moretti eviscerates is the one about capital migrating to low-cost workers. This one’s long been very popular and is rooted in the belief that the U.S. economy will soon be hollowed out by workers in India and China willing to do high value work for next to nothing. It’s to some a scary thought, but also utter nonsense... Population Density, or “thick” clusters of workers is a frequent theme in Moretti’s book. Once again, this is a book about the geography of jobs. Though commentators think companies and entrepreneurs seek out cheap labor, in truth they regularly migrate to the San Francisco-s and Boston-s of the world precisely due to the density of workers in those locales possessing the abilities they’re in search of... Sadly for such a wonderful book, Moretti offers up a number of solutions and makes a number of presumptions that are logically false. They by no means wreck a book that this writer highly recommends, but they perhaps blunt the quality of reasoning within.

WebSeitzWiki: z2012-04-26-MorettiNewGeographyOfJobs (last edited 2013-12-05 19:57:31 by BillSeitz)

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