“Detroit developed best when it was bottom-up,” says Harry Veryser, economist and professor at University of Detroit Mercy. “When small communities, small parishes, small schools were formed… that’s when Detroit prospered.”
In a recent discussion on what makes cities flourish, Chris Horst and I argued that cities need a unique blend of local community action, good governance, and strong business to thrive. Cities like Detroit have monstrous and complex problems, and the solutions will not come from additional top-down tweaking and tinkering. Rather, any such solutions will stem from complex networks of strong families, life-giving churches, healthy businesses, and intersecting institutions, all of which is furthered when governments rightly relate to their citizens.
Veryser’s overview is quite helpful in tying these pieces together, as his history of Detroit’s problems includes at least some discussion of each. The path to flourishing in Detroit has long been disrupted by the increasing momentum of planners and rent seekers. To save the city, it will require reorientation from top back to bottom, from centralization to spontaneous, and throughout the process, the church bears a heavy responsibility to offer prophetic voice and appropriate discipleship.
“The community has to develop itself; it’s organic,” says Veryser. “It’s not going to come back with government planning; it’s going to come back when government gets out of the way and decisions get made at the local level again.”
(HT: Mark Perry)
It Didn't Have to Be This Way: Why Boom and Bust Is Unnecessary-and How the Austrian School of Economics Breaks the Cycle
Mainstream economics has no adequate answers for these pressing questions. To understand how we got here, and how we can ensure prosperity, we must turn to an alternative to the dominant approach: the Austrian School of economics.
Unfortunately, few people have even a vague understanding of the Austrian School, despite the prominence of leading figures such as Nobel Prize winner F. A. Hayek, author of The Road to Serfdom. Harry C. Veryser corrects that problem in this powerful and eye-opening book. In presenting the Austrian School’s perspective, he reveals why the boom-and-bust cycle is unnatural and unnecessary.