The Rise of the Artisan Economy
Small businesses provide the human element necessary for the market to survive, explains senior research fellow Joel Kotkin.
Developer Shaheen Sadeghi’s vision of an artisanal, small-business-driven economy seems oddly incompatible with his environment. After all, Orange County, Calif., where the 71-year-old Sadeghi has worked for four decades, bristles with mass-produced fabrication. Home to several of the nation’s most successful malls and endless shopping centers, the region has incubated such firms as McDonald’s, Jack in the Box, Cheesecake Factory, Marie Callender’s, Taco Bell, and the epicenter of faux American conformism, Disneyland.
Yet walking around his expanding development, called the Camp, it’s clear Sadeghi has made his vision real. Located on four acres in Costa Mesa — just one mile from the South Coast Plaza — one of the most successful mega-malls in the country — is a collection filled with dozens of independent, small businesses including oddball boutiques, diverse independent restaurants, and even a bar — Cowboy and Poodles — that celebrates southern California’s cowboy heritage, with Western images and artifacts matched with kitschy images of well-groomed dogs.
“Most of retail may be dying,” Sadeghi notes, “the next generation of customers won’t go to the big stores but are seeking out a direct human experience.” Moreover: “The traditional middleman role is obsolete. People may go online to buy necessities but when they go out to shop, they want something real, something that offers the possibility of serendipity.”
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
The Housing Crisis
Soaring housing costs are driving young people towards socialism—only dispersed development and expanded property ownership can preserve liberal democracy.
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America Needs a Transcontinental Railroad
A proposed merger of Union Pacific and Norfolk Southern would foster efficiencies, but opponents say the deal would kill competition.
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The Civitas Outlook Energy Symposium
Energy policy in America has become, over the past few decades, one of the most fraught debates in American politics.
From Energy Repression to Energy Dominance
Even the most powerful computers on earth have no idea how much energy America will need for the next generation. What, then, is the path forward?
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