The New Localism

  • Bruce Katz
  • Jeremy Nowak
Keywords: power, populism, control, social change, the economic growth, new localization

Abstract

The New Localism is a book about cooperation among the state, business and civil society, whose joint efforts, according to the authors, create the genetic code of social change today. The book provides an analysis of the development trajectories of three cities: Pittsburgh and Indianapolis in the United States, and Copenhagen in Europe. Through an exploration of the histories of these cities, Bruce Katz and Jeremy Novak illustrate the work of the new models of development, governance and financing. In addition to examining the historical context of the emergence of new localism, the authors endeavor to predict its future based on its successes and challenges. The Journal of Economic Sociology publishes the first chapter of the book, “Reimagined Power”, where the authors consider the evolving dynamic of power. They observe a shift from the vertically organized commandadministrative system towards a web of horizontal relations that connect diverse sectors of society—state (public), commercial (private) and noncommercial—within local communities. The authors contend that power in the future will rest with problem solvers, thus challenging the conventional notion of power as the ability to coerce or effectively influence individuals’ behavior and decisions.

Author Biographies

Bruce Katz

Co-founder of New Localism Advisors; visiting professor at the London School of Economics. Address: Hagton str., London, WC2A 2AE, UK.

Jeremy Nowak

Creator of the Reinvestment Fund; chaired the Board of the Philadelphia Federal Reserve Bank.

Published
2023-06-01
How to Cite
KatzB., & NowakJ. (2023). The New Localism. Journal of Economic Sociology, 24(3), 58-72. Retrieved from https://vo.hse.ru/index.php/ecsoc/article/view/18194
Section
New Translations