Infographic: How Demolishing Public Housing Increased Inequality
A study of demolitions in Chicago finds they raised housing costs, hurting renters.
Infographic: How Demolishing Public Housing Increased InequalityEconomist Joseph Schumpeter called creative destruction—the process by which the economy grows via innovation that disrupts incumbent businesses—the “essential fact about capitalism.” But though there are many examples of creative disruption that spring readily to mind, the phenomenon may be less pervasive than it appears. A group of researchers including Chicago Booth’s Chang-Tai Hsieh used employment data to measure just how powerful creative destruction’s effect on the economy is; they find that it accounts for as little as 13% of productivity growth over a 10-year period.
A study of demolitions in Chicago finds they raised housing costs, hurting renters.
Infographic: How Demolishing Public Housing Increased InequalityThe answer will have major implications for US and global markets.
If Big Tech Is a Problem, What’s the Solution?Economic history hints at how migration induced by climate change might differ from that caused by other forces.
What Can the 1930s Tell Us about the Coming Climate Migration?Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.