How Urban Planners Caused The Housing Bubble

Download How Urban Planners Caused The Housing Bubble full books in PDF, epub, and Kindle. Read online How Urban Planners Caused The Housing Bubble ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

The Great American Housing Bubble

Author : Adam J. Levitin
Publisher : Harvard University Press
ISBN 13 : 0674979656
Total Pages : 401 pages
Book Rating : 4.6/5 (749 download)

DOWNLOAD NOW!

Book Synopsis The Great American Housing Bubble by : Adam J. Levitin

Download or read book The Great American Housing Bubble written by Adam J. Levitin and published by Harvard University Press. This book was released on 2020-06-09 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.

The Great American Housing Bubble

Author : Adam J. Levitin
Publisher : Harvard University Press
ISBN 13 : 0674246926
Total Pages : 401 pages
Book Rating : 4.6/5 (742 download)

DOWNLOAD NOW!

Book Synopsis The Great American Housing Bubble by : Adam J. Levitin

In Defense of Housing

Author : Peter Marcuse
Publisher : Verso Books
ISBN 13 : 1804294942
Total Pages : 257 pages
Book Rating : 4.8/5 (42 download)

DOWNLOAD NOW!

Book Synopsis In Defense of Housing by : Peter Marcuse

Download or read book In Defense of Housing written by Peter Marcuse and published by Verso Books. This book was released on 2024-08-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In every major city in the world there is a housing crisis. How did this happen and what can we do about it? Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need. The poor are forced to pay more for worse housing. Communities are faced with the violence of displacement and gentrification. And the benefits of decent housing are only available for those who can afford it. In Defense of Housing is the definitive statement on this crisis from leading urban planner Peter Marcuse and sociologist David Madden. They look at the causes and consequences of the housing problem and detail the need for progressive alternatives. The housing crisis cannot be solved by minor policy shifts, they argue. Rather, the housing crisis has deep political and economic roots—and therefore requires a radical response.

Hot Property

Author : Rob Nijskens
Publisher : Springer
ISBN 13 : 3030116743
Total Pages : 220 pages
Book Rating : 4.0/5 (31 download)

DOWNLOAD NOW!

Book Synopsis Hot Property by : Rob Nijskens

Download or read book Hot Property written by Rob Nijskens and published by Springer. This book was released on 2019-06-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

Race for Profit

Author : Keeanga-Yamahtta Taylor
Publisher : UNC Press Books
ISBN 13 : 1469653672
Total Pages : 364 pages
Book Rating : 4.4/5 (696 download)

DOWNLOAD NOW!

Book Synopsis Race for Profit by : Keeanga-Yamahtta Taylor

Download or read book Race for Profit written by Keeanga-Yamahtta Taylor and published by UNC Press Books. This book was released on 2019-09-03 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD FINALIST, 2020 PULITZER PRIZE IN HISTORY By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers – as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind. Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

The Housing Boom and Bust

Author : Thomas Sowell
Publisher : Basic Books (AZ)
ISBN 13 : 0465018807
Total Pages : 194 pages
Book Rating : 4.4/5 (65 download)

DOWNLOAD NOW!

Book Synopsis The Housing Boom and Bust by : Thomas Sowell

Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.

Capital City

Author : Samuel Stein
Publisher : Verso Books
ISBN 13 : 1786636387
Total Pages : 243 pages
Book Rating : 4.7/5 (866 download)

DOWNLOAD NOW!

Book Synopsis Capital City by : Samuel Stein

Download or read book Capital City written by Samuel Stein and published by Verso Books. This book was released on 2019-03-05 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This superbly succinct and incisive book” on urban planning and real estate argues gentrification isn’t driven by latte-sipping hipsters—but is engineered by the capitalist state (Michael Sorkin, author of All Over the Map) Our cities are changing. Around the world, more and more money is being invested in buildings and land. Real estate is now a $217 trillion dollar industry, worth thirty-six times the value of all the gold ever mined. It forms sixty percent of global assets, and one of the most powerful people in the world—the former president of the United States—made his name as a landlord and developer. Samuel Stein shows that this explosive transformation of urban life and politics has been driven not only by the tastes of wealthy newcomers, but by the state-driven process of urban planning. Planning agencies provide a unique window into the ways the state uses and is used by capital, and the means by which urban renovations are translated into rising real estate values and rising rents. Capital City explains the role of planners in the real estate state, as well as the remarkable power of planning to reclaim urban life.

Shut Out

Author : Kevin Erdmann
Publisher : Rowman & Littlefield
ISBN 13 : 1538122154
Total Pages : 322 pages
Book Rating : 4.5/5 (381 download)

DOWNLOAD NOW!

Book Synopsis Shut Out by : Kevin Erdmann

Download or read book Shut Out written by Kevin Erdmann and published by Rowman & Littlefield. This book was released on 2019-01-21 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States suffers from a shortage of well-placed homes. This was true even at the peak of the housing boom in 2005. Using a broad array of evidence on housing inflation, income, migration, homeownership trends, and international comparisons, Shut Out demonstrates that high home prices have been largely caused by the constrained housing supply in a handful of magnet cities leading the new economy. The same phenomenon is occurring in leading countries across the globe. Gentrifying cities have become exclusionary bastions in the new postindustrial economy. The US housing bubble that peaked in 2005 is more accurately described as a refugee crisis than a credit bubble. Surging demand for limited urban housing triggered a spike of migration away from the magnet cities among households with moderate and lower incomes who could no longer afford to remain, causing a brief contagion of high prices in the cities where the migrants moved. In this book, author Kevin Erdmann observes that the housing bubble has been broadly and incorrectly attributed to various “excesses.” Policymakers and economists concluded that our key challenge was that we had built too many homes. This misdiagnosis of the problem, according to Erdmann, led to misguided public polices, which were the primary cause of the subsequent financial crisis. A sort of moral panic about supposed excesses in home lending and construction led to destabilizing monetary and regulatory decisions. As the economy slumped, a sense of fatalism prevented the government from responding appropriately to the worsening situation. Shut Out provides a much-needed correction to the causes and consequences of financial crises and secular stagnation.

The Irony of Barack Obama

Author : R. Ward Holder
Publisher : Routledge
ISBN 13 : 1317026977
Total Pages : 258 pages
Book Rating : 4.3/5 (17 download)

DOWNLOAD NOW!

Book Synopsis The Irony of Barack Obama by : R. Ward Holder

Download or read book The Irony of Barack Obama written by R. Ward Holder and published by Routledge. This book was released on 2016-03-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the political theology of Reinhold Niebuhr, described by Barack Obama as 'one of my favourite philosophers', this book assesses the challenges facing the President during his first term. It evaluates his success in adhering to Niebuhr's path of 'Christian realism' when faced with the pragmatic demands of domestic and foreign affairs. In 2008 Candidate Obama used the ideas of 'Hope' and 'Change' to inspire voters and secure the presidency. Obama promised change not only regarding America's policies, but even more fundamentally in the nation's political culture. Holder and Josephson describe the foundations of President Obama's Christian faith and the extent to which it has shaped his approach to politics. Their book explores Obama's journey of faith in the context of a broadly Augustinian understanding of faith and politics, examines the tensions between Christian realism and pragmatic progressivism, explains why a Christian realist interpretation is essential to understanding Obama's presidency, and applies this model of understanding to considerations of foreign and domestic policy. By combining this theological and political analysis the book offers a special opportunity to reflect on the relationship between Christian faith and statesmanship, reflections that are missing from current popular discussions of the Obama presidency. Through consideration of Niebuhr's models of the prophet and the statesman, and the more popular alternative of the political evangelist, Holder and Josephson are better able to explain the president's successes and his failures, and to unveil the Augustinian limits of the political life.

Speculation

Author : Stuart Banner
Publisher : Oxford University Press
ISBN 13 : 0190623047
Total Pages : 353 pages
Book Rating : 4.1/5 (96 download)

DOWNLOAD NOW!

Book Synopsis Speculation by : Stuart Banner

Download or read book Speculation written by Stuart Banner and published by Oxford University Press. This book was released on 2017 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the difference between a gambler and a speculator? Is there a readily identifiable line separating the two? If so, is it possible for us to discourage the former while encouraging the latter? These difficult questions cut across the entirety of American economic history, and the periodic failures by regulators to differentiate between irresponsible gambling and clear-headed investing have often been the proximate causes of catastrophic economic downturns. Most recently, the blurring of speculation and gambling in U.S. real estate markets fueled the 2008 global financial crisis, but it is one in a long line of similar economic disasters going back to the nation's founding. In Speculation, author Stuart Banner provides a sweeping and story-rich history of how the murky lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Regulators and courts always struggled to draw a line between investment and gambling, and it is no easier now than it was two centuries ago. Advocates for risky investments have long argued that risk-taking is what defines America. Critics counter that unregulated speculation results in bubbles that always draw in the least informed investors-gamblers, essentially. Financial chaos is the result. The debate has been a perennial feature of American history, with the pattern repeating before and after every financial downturn since the 1790s. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of the difficulty in differentiating sober from reckless speculation. Even after the recent financial crisis, the debate continues. Some, chastened by the crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangers of over-regulation. These episodes have generated deep ambivalence, yet Americans' faith in investment and - by extension - the stock market has always rebounded quickly after even the most savage downturns. Indeed, the speculator on the make is a central figure in the folklore of American capitalism. Engaging and accessible, Speculation synthesizes a suite of themes that sit at the heart of American history - the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and - not least - the moral conundrum inherent in valuing those who produce goods over those who speculate, and yet enjoying the fruits of speculation. Banner's history is not only invaluable for understanding the fault lines beneath the American economy today, but American identity itself.

Reinhold Niebuhr in Theory and Practice

Author : Peter B. Josephson
Publisher : Lexington Books
ISBN 13 : 1498576702
Total Pages : 245 pages
Book Rating : 4.4/5 (985 download)

DOWNLOAD NOW!

Book Synopsis Reinhold Niebuhr in Theory and Practice by : Peter B. Josephson

Download or read book Reinhold Niebuhr in Theory and Practice written by Peter B. Josephson and published by Lexington Books. This book was released on 2018-12-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: American public life is gripped by a tumult that it has not experienced in at least half a century. Resentment, distrust, despair, fear, envy, and outrage are the passions of the day. Yet it was not long ago that political scientists and theologians could speak of a “Niebuhr renaissance” marked by an appreciation of moral paradox, ethical nuance, and a recognition of the irony of American history. American political leaders from Barack Obama and Hillary Clinton to George Bush and John McCain referenced Reinhold Niebuhr as an important influence on their political understandings. Columnists like David Brooks commented on the political condition of contemporary America, and scholars from Gary Dorrien and Daniel Rice to Richard Crouter developed academic accounts of Niebuhr’s political realism. From an insistence on political purity, to a wariness of international institutions and the claims of expertise, to a rejection of whole categories of public goods – it would be difficult to find a more significant shift from the principles that shaped statecraft and public policy during Niebuhr’s prime to those that are foundational in the age of Trump. Reinhold Niebuhr in Theory and Practice: Christian Realism and Democracy in America in the Twenty-First Century explains the collapse of the Niebuhrian renaissance in public life and the ascendance of the “children of light and the children of darkness” in the 2016 election. Our focus is Niebuhr himself and what the encounter between his own theology and his practical political experience might reveal in our contemporary situation. Niebuhr tells us that he does not offer precise policy prescriptions. But Niebuhr was a prolific author, and his works offer insights both into what realistic and Christian public policies would look like, and perhaps more importantly into how citizens should think for themselves about the political challenges of our times. Our aim, then, is to reassert the possibility of a distinctly Niebuhrian public intellectualism and a distinctly Niebuhrian political practice in the wake of the 2016 election.

Real Estate Economics

Author : Nicholas G. Pirounakis
Publisher : Routledge
ISBN 13 : 1136208445
Total Pages : 514 pages
Book Rating : 4.1/5 (362 download)

DOWNLOAD NOW!

Book Synopsis Real Estate Economics by : Nicholas G. Pirounakis

Download or read book Real Estate Economics written by Nicholas G. Pirounakis and published by Routledge. This book was released on 2013-05-29 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Estate Economics: A point-to-point handbook introduces the main tools and concepts of real estate (RE) economics. It covers areas such as the relation between RE and the macro-economy, RE finance, investment appraisal, taxation, demand and supply, development, market dynamics and price bubbles, and price estimation. It balances housing economics with commercial property economics, and pays particular attention to the issue of property dynamics and bubbles – something very topical in the aftermath of the US house-price collapse that precipitated the global crisis of 2008. This textbook takes an international approach and introduces the student to the necessary ‘toolbox’ of models required in order to properly understand the mechanics of real estate. It combines theory, technique, real-life cases, and practical examples, so that in the end the student is able to: • read and understand most RE papers published in peer-reviewed journals; • make sense of the RE market (or markets); and • contribute positively to the preparation of economic analyses of RE assets and markets soon after joining any company or other organization involved in RE investing, appraisal, management, policy, or research. This book should be particularly useful to third-year students of economics who may take up RE or urban economics as an optional course, to postgraduate economics students who want to specialize in RE economics, to graduates in management, business administration, civil engineering, planning, and law who are interested in RE, as well as to RE practitioners and to students reading for RE-related professional qualifications.

The Affordable City

Author : Shane Phillips
Publisher : Island Press
ISBN 13 : 1642831336
Total Pages : 282 pages
Book Rating : 4.6/5 (428 download)

DOWNLOAD NOW!

Book Synopsis The Affordable City by : Shane Phillips

Download or read book The Affordable City written by Shane Phillips and published by Island Press. This book was released on 2020-09-15 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.

Hidden in Plain Sight

Author : Peter J. Wallison
Publisher : Encounter Books
ISBN 13 : 159403866X
Total Pages : 331 pages
Book Rating : 4.5/5 (94 download)

DOWNLOAD NOW!

Book Synopsis Hidden in Plain Sight by : Peter J. Wallison

Download or read book Hidden in Plain Sight written by Peter J. Wallison and published by Encounter Books. This book was released on 2016-03-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains.

Cities and Private Planning

Author : David Emanuel Andersson
Publisher : Edward Elgar Publishing
ISBN 13 : 1783475064
Total Pages : 312 pages
Book Rating : 4.7/5 (834 download)

DOWNLOAD NOW!

Book Synopsis Cities and Private Planning by : David Emanuel Andersson

Download or read book Cities and Private Planning written by David Emanuel Andersson and published by Edward Elgar Publishing. This book was released on 2014-09-26 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through comprehensive case studies of privately planned cities and neighbourhood in Asia, Europe and North America, this book characterizes the theoretical basis and empirical manifestations of private urban planning. In this innovative volume, Anderss

Missing Middle Housing

Author : Daniel G. Parolek
Publisher : Island Press
ISBN 13 : 1642830542
Total Pages : 330 pages
Book Rating : 4.6/5 (428 download)

DOWNLOAD NOW!

Book Synopsis Missing Middle Housing by : Daniel G. Parolek

Download or read book Missing Middle Housing written by Daniel G. Parolek and published by Island Press. This book was released on 2020-07-14 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, there is a tremendous mismatch between the available housing stock in the US and the housing options that people want and need. The post-WWII, auto-centric, single-family-development model no longer meets the needs of residents. Urban areas in the US are experiencing dramatically shifting household and cultural demographics and a growing demand for walkable urban living. Missing Middle Housing, a term coined by Daniel Parolek, describes the walkable, desirable, yet attainable housing that many people across the country are struggling to find. Missing Middle Housing types—such as duplexes, fourplexes, and bungalow courts—can provide options along a spectrum of affordability. In Missing Middle Housing, Parolek, an architect and urban designer, illustrates the power of these housing types to meet today’s diverse housing needs. With the benefit of beautiful full-color graphics, Parolek goes into depth about the benefits and qualities of Missing Middle Housing. The book demonstrates why more developers should be building Missing Middle Housing and defines the barriers cities need to remove to enable it to be built. Case studies of built projects show what is possible, from the Prairie Queen Neighborhood in Omaha, Nebraska to the Sonoma Wildfire Cottages, in California. A chapter from urban scholar Arthur C. Nelson uses data analysis to highlight the urgency to deliver Missing Middle Housing. Parolek proves that density is too blunt of an instrument to effectively regulate for twenty-first-century housing needs. Complete industries and systems will have to be rethought to help deliver the broad range of Missing Middle Housing needed to meet the demand, as this book shows. Whether you are a planner, architect, builder, or city leader, Missing Middle Housing will help you think differently about how to address housing needs for today’s communities.

Handbook of Creative Cities

Author : D. E. Andersson
Publisher : Edward Elgar Publishing
ISBN 13 : 0857936395
Total Pages : 575 pages
Book Rating : 4.8/5 (579 download)

DOWNLOAD NOW!

Book Synopsis Handbook of Creative Cities by : D. E. Andersson

Download or read book Handbook of Creative Cities written by D. E. Andersson and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the publication of The Rise of the Creative Class by Richard Florida in 2002, the 'creative city' became the new hot topic among urban policymakers, planners and economists. Florida has developed one of three path-breaking theories about the relationship between creative individuals and urban environments. The economist Åke E. Andersson and the psychologist Dean Simonton are the other members of this 'creative troika'. In the Handbook of Creative Cities, Florida, Andersson and Simonton appear in the same volume for the first time. The expert contributors in this timely Handbook extend their insights with a varied set of theoretical and empirical tools. The diversity of the contributions reflect the multidisciplinary nature of creative city theorizing, which encompasses urban economics, economic geography, social psychology, urban sociology, and urban planning. The stated policy implications are equally diverse, ranging from libertarian to social democratic visions of our shared creative and urban future. Being truly international in its scope, this major Handbook will be particularly useful for policy makers that are involved in urban development, academics in urban economics, economic geography, urban sociology, social psychology, and urban planning, as well as graduate and advanced undergraduate students across the social sciences and in business.