Tag Archives: The Sum of Small Things

For Consideration: Being Rich Is Cheaper in Big Cities

… simply put, in urban centers there are plenty of people who will partake in the same types of consumption (economies of scale) to uphold amenities like baseball stadiums, opera houses, and theaters and will drive down fixed costs for expenditures such as massages, organic food, and happy hour. Simultaneously, there are enough people that the “long tail” of consumption (economies of scope)— ethnic restaurants, high-end boutiques , and avant-garde theater— will also be in demand. This interplay of significant demand for the same things and the large sum of idiosyncrasies that emerge from having so many people with diverse backgrounds and preferences in the same place is what propels so many choices in urban centers. The sheer number of diverse inhabitants both drives the endless options of city amenities to be produced and creates the lines around the corner for every noodle/ cupcake/ cronut shop in town. In short, demand meets supply irrespective of the product or service.

Elizabeth Currid-Halkett, http://a.co/9JXs1UC“>The Sum of Small Things: A Theory of the Aspirational Class

For Consideration: Economic Inequality & Assortative Mating

… the dating market of urban centers (particularly as people marry like, rather than marrying “up” or “down,” a twenty-first-century trend economists term “assortative mating” 23 ). Smart people want to be around other smart people not just for work, but also for friendships and romantic relationships, and over time that results in highly stratified hyper-educated affluent places…

Elizabeth Currid-Halkett, http://a.co/4FKHzLO“>The Sum of Small Things: A Theory of the Aspirational Class

For Consideration

… while a member of the aspirational class is eating kale salad in his made-in-Brooklyn t-shirt, let’s not lose sight of the fact that the current elite consumer ethos is only possible because of the economic growth and affluence that industry created and the luxurious postmodern values it allows us to possess.

Elizabeth Currid-Halkett, http://a.co/fe5oySL“>The Sum of Small Things: A Theory of the Aspirational Class