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'Place Prosperity vs People Prosperity' Revisited: An Old Issue with a New Angle

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  • Roger Bolton

    (Department of Economics, Williams College, Fernald House, Williamstown, MA 01267, USA)

Abstract

'Place prosperity vs people prosperity' is a familiar shorthand expression of various issues in designing national policies to assist persons and places that are economically depressed. The paper reviews some traditional issues, including those introduced by Louis Winnick, who coined the phrase in the title, and also introduces some new ones. It suggests that 'sense of place' is relevant to the policy debate, because sense of place is a factor in regional and local identity and is an important form of intangible capital that has positive externalities. The paper relies on principles of benefit-cost analysis, and it notes that a concern for the sense of place is consistent with some recent developments in economic theory, namely in the theory of household production and theories of 'fairness' and community values. It also includes an appreciation of the work of Ben Chinitz, whose emphasis on 'supply' in regional analysis is consistent with a respect for the sense of place and is also relevant to a discussion of 'place prosperity vs people prosperity'.

Suggested Citation

  • Roger Bolton, 1992. "'Place Prosperity vs People Prosperity' Revisited: An Old Issue with a New Angle," Urban Studies, Urban Studies Journal Limited, vol. 29(2), pages 185-203, April.
    • Handle: RePEc:sae:urbstu:v:29:y:1992:i:2:p:185-203
    DOI: 10.1080/00420989220080261
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    References listed on IDEAS

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    2. Olfert, R. & Berdegué, J. & Escobal, J. & Jara, B. & Modrego, F., 2011. "Places for Place-Based Policies," Working papers 079, Rimisp Latin American Center for Rural Development.
    3. Roberto Camagni & Roberta Capello, 2015. "Rationale and design of EU cohesion policies in a period of crisis," Regional Science Policy & Practice, Wiley Blackwell, vol. 7(1), pages 25-47, March.
    4. Mark D. Partridge & Dan S. Rickman & M. Rose Olfert & Ying Tan, 2015. "When Spatial Equilibrium Fails: Is Place-Based Policy Second Best?," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1303-1325, August.
    5. Edward L. Glaeser & Charles Redlick, 2008. "Social Capital and Urban Growth," NBER Working Papers 14374, National Bureau of Economic Research, Inc.
    6. Kalee Burns & Julie L. Hotchkiss, 2019. "Migration Constraints and Disparate Responses to Changing Job Opportunities," FRB Atlanta Working Paper 2019-1, Federal Reserve Bank of Atlanta.
    7. Eff, E. Anthon, 1999. "Myrdal contra Ohlin: Accounting for the Sources of U.S. County Per Capita Income Convergence Using a Flexible Decomposition Approach," The Review of Regional Studies, Southern Regional Science Association, vol. 29(1), pages 13-36, Summer.
    8. Courant, Paul N., 1994. "How Would You Know a Good Economic Policy if You Tripped Over One? Hint: Don't Just Count Jobs," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(4), pages 863-881, December.
    9. Stimson, Robert J. & Stough, Roger R. & Salazar, María, 2005. "Leadership and institutional factors in endogenous regional economic development," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 7, pages 23-52.
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