What? Me Worry?

What-Me-WorryWhen people are looking for a safe place to live, they overestimate the danger from low-risk threats such as crime.  No one would say that they want to live in a high crime area.  The reality is that nationwide there are only 5.1 deaths per 100,000 people from homicide. Crime is highly distorted because the reporting of crime rises in areas with more people and therefore more full-time police officers.  Perceptions and fear about crime are always much worse than the actual frequency and risk of crime.  Continue reading “What? Me Worry?”

Reflections on the Profession

131023-Economic-Development-ProfessionAfter a three-year hiatus, I returned to teaching Urban and Regional Economic Development at Carnegie Mellon this fall. The process of preparing for the course, and the act of engaging with twenty students who represent a new generation of economic development, has caused me to reconsider the state of the profession and where it is headed as well as what new trends are driving it.   I often joke that we are teaching them how to solve the problems of the last generation with tools and policies that will create the problems for their generation to solve.  I call it the full employment policy for economic development. Continue reading “Reflections on the Profession”