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4 books match the query 'Creative Destruction'
From Boom to Bubble
How Finance Built the New ChicagoRachel Weber
University of Chicago Press, 2015
An unprecedented historical, sociological, and geographic look at how property markets change and fail—and how that affects cities.
In From Boom to Bubble, Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead, she argues, even in cities experiencing employment and population decline, developers rush to erect new office towers and apartment buildings when they have financial incentives to do so. Focusing on the main causes of overbuilding during the early 2000s, Weber documents the case of Chicago’s “Millennial Boom,” showing that the Loop’s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash, made available through the use of complex financial instruments, helped transform what started as a boom grounded in modest occupant demand into a speculative bubble, where pricing and supply had only tenuous connections to the market. From Boom to Bubble is an innovative look at how property markets change and fail—and how that affects cities.
In From Boom to Bubble, Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead, she argues, even in cities experiencing employment and population decline, developers rush to erect new office towers and apartment buildings when they have financial incentives to do so. Focusing on the main causes of overbuilding during the early 2000s, Weber documents the case of Chicago’s “Millennial Boom,” showing that the Loop’s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash, made available through the use of complex financial instruments, helped transform what started as a boom grounded in modest occupant demand into a speculative bubble, where pricing and supply had only tenuous connections to the market. From Boom to Bubble is an innovative look at how property markets change and fail—and how that affects cities.
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Power in Modernity
Agency Relations and the Creative Destruction of the King’s Two BodiesIsaac Ariail Reed
University of Chicago Press, 2020
In Power in Modernity, Isaac Ariail Reed proposes a bold new theory of power that describes overlapping networks of delegation and domination. Chains of power and their representation, linking together groups and individuals across time and space, create a vast network of intersecting alliances, subordinations, redistributions, and violent exclusions. Reed traces the common action of “sending someone else to do something for you” as it expands outward into the hierarchies that control territories, persons, artifacts, minds, and money.
He mobilizes this theory to investigate the onset of modernity in the Atlantic world, with a focus on rebellion, revolution, and state formation in colonial North America, the early American Republic, the English Civil War, and French Revolution. Modernity, Reed argues, dismantled the “King’s Two Bodies”—the monarch’s physical body and his ethereal, sacred second body that encompassed the body politic—as a schema of representation for forging power relations. Reed’s account then offers a new understanding of the democratic possibilities and violent exclusions forged in the name of “the people,” as revolutionaries sought new ways to secure delegation, build hierarchy, and attack alterity.
Reconsidering the role of myth in modern politics, Reed proposes to see the creative destruction and eternal recurrence of the King’s Two Bodies as constitutive of the modern attitude, and thus as a new starting point for critical theory. Modernity poses in a new way an eternal human question: what does it mean to be the author of one’s own actions?
He mobilizes this theory to investigate the onset of modernity in the Atlantic world, with a focus on rebellion, revolution, and state formation in colonial North America, the early American Republic, the English Civil War, and French Revolution. Modernity, Reed argues, dismantled the “King’s Two Bodies”—the monarch’s physical body and his ethereal, sacred second body that encompassed the body politic—as a schema of representation for forging power relations. Reed’s account then offers a new understanding of the democratic possibilities and violent exclusions forged in the name of “the people,” as revolutionaries sought new ways to secure delegation, build hierarchy, and attack alterity.
Reconsidering the role of myth in modern politics, Reed proposes to see the creative destruction and eternal recurrence of the King’s Two Bodies as constitutive of the modern attitude, and thus as a new starting point for critical theory. Modernity poses in a new way an eternal human question: what does it mean to be the author of one’s own actions?
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The Creative Destruction of Manhattan, 1900-1940
Max Page
University of Chicago Press, 1999
Winner of the 2001 Spiro Kostof Book Award from the Society of Architectural Historians.
"It'll be a great place if they ever finish it," O. Henry wrote about New York City. This laconic remark captures the relentlessly transitory character of New York, and it points toward Max Page's synthetic perspective. Against the prevailing motif of a naturally expanding metropolis, Page argues that the early-twentieth-century city was dominated by the politics of destruction and rebuilding that became the hallmark of modern urbanism.
The oxymoron "creative destruction" suggests the tensions that are at the heart of urban life: between stability and change, between particular places and undifferentiated spaces, between market forces and planning controls, and between the "natural" and "unnatural" in city growth. Page investigates these cultural counterweights through case studies of Manhattan's development, with depictions ranging from private real estate development along Fifth Avenue to Jacob Riis's slum clearance efforts on the Lower East Side, from the elimination of street trees to the efforts to save City Hall from demolition.
In these examples some New Yorkers celebrate planning by destruction or marvel at the domestication of the natural environment, while others decry the devastation of their homes and lament the passing of the city's architectural heritage. A central question in each case is the role of the past in the shaping of collective memory—which buildings are preserved? which trees are cut down? which fragments are enshrined in museums? Contrary to the popular sense of New York as an ahistorical city, the past—as recalled by powerful citizens—was, in fact, at the heart of defining how the city would be built.
Beautifully illustrated and written in clear, engaging prose, The Creative Destruction of Manhattan offers a new way of viewing the development of the American city.
"An excellent, multifaceted analysis of the process of urban development-not the inevitability of development but the choices individuals, organizations, and developers made that transformed Manhattan. The politics of place was, Max Page convincingly argues, an ongoing battle to define and thereby control the evolving shape of the city."—David Schuyler, author of Apostle of Taste: Andrew Jackson Downing 1815-1852
"Max Page transcends the usual dichotomy between those who glorify destruction for the sake of change and those who would avoid both at all cost. The sizeable borderland between architecture and preservation reveals new dimensions about science and history, innovation and memory, the cities that have been, and those yet to come."—Gwendolyn Wright, author of The Politics of Design in French Colonial Urbanism
"A sober, humane explanation of how and why New York City became a place of continuous rebuilding. . . . For real or armchair New Yorkers, the whole package is a treat."—Kirkus Reviews
"It'll be a great place if they ever finish it," O. Henry wrote about New York City. This laconic remark captures the relentlessly transitory character of New York, and it points toward Max Page's synthetic perspective. Against the prevailing motif of a naturally expanding metropolis, Page argues that the early-twentieth-century city was dominated by the politics of destruction and rebuilding that became the hallmark of modern urbanism.
The oxymoron "creative destruction" suggests the tensions that are at the heart of urban life: between stability and change, between particular places and undifferentiated spaces, between market forces and planning controls, and between the "natural" and "unnatural" in city growth. Page investigates these cultural counterweights through case studies of Manhattan's development, with depictions ranging from private real estate development along Fifth Avenue to Jacob Riis's slum clearance efforts on the Lower East Side, from the elimination of street trees to the efforts to save City Hall from demolition.
In these examples some New Yorkers celebrate planning by destruction or marvel at the domestication of the natural environment, while others decry the devastation of their homes and lament the passing of the city's architectural heritage. A central question in each case is the role of the past in the shaping of collective memory—which buildings are preserved? which trees are cut down? which fragments are enshrined in museums? Contrary to the popular sense of New York as an ahistorical city, the past—as recalled by powerful citizens—was, in fact, at the heart of defining how the city would be built.
Beautifully illustrated and written in clear, engaging prose, The Creative Destruction of Manhattan offers a new way of viewing the development of the American city.
"An excellent, multifaceted analysis of the process of urban development-not the inevitability of development but the choices individuals, organizations, and developers made that transformed Manhattan. The politics of place was, Max Page convincingly argues, an ongoing battle to define and thereby control the evolving shape of the city."—David Schuyler, author of Apostle of Taste: Andrew Jackson Downing 1815-1852
"Max Page transcends the usual dichotomy between those who glorify destruction for the sake of change and those who would avoid both at all cost. The sizeable borderland between architecture and preservation reveals new dimensions about science and history, innovation and memory, the cities that have been, and those yet to come."—Gwendolyn Wright, author of The Politics of Design in French Colonial Urbanism
"A sober, humane explanation of how and why New York City became a place of continuous rebuilding. . . . For real or armchair New Yorkers, the whole package is a treat."—Kirkus Reviews
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The Paradox of Paradise
Creative Destruction and the Rise of Urban Coastal Tourism in Contemporary Spanish CultureWilliam J. Nichols
Vanderbilt University Press, 2023
The Paradox of Paradise focuses on the trajectory of urban coastal tourism in Spain from the late Franco years to the present through the lens of Spanish cultural production. "Sun and fun" destinations like Torremolinos (located in the Costa del Sol) and Benidorm (located in the Costa Blanca) established a model for urban renewal that literally built the coasts to accommodate and expand foreign tourism as the driving force of the so-called Spanish Economic Miracle.
In addition to inserting the coasts into the scope of Iberian urban studies (typically dominated by studies of Madrid and Barcelona), this project breaks new ground by bringing to the fore unexplored cultural artifacts vital to the narrative of development along the coasts in Spain—in particular the ubiquitous tourist postcard, which advances not only the post-Franco economic miracle, but does so by highlighting the transformation of the actual Spanish landscape along its coasts.
The Paradox of Paradise features more than twenty-five striking images of coastal Spain in the throes of its own coming of age. Author William J. Nichols has unlocked a strange, self-conscious archive that tells us as much about our own age of advertising as it does about the hotels and resorts and people on display.
In addition to inserting the coasts into the scope of Iberian urban studies (typically dominated by studies of Madrid and Barcelona), this project breaks new ground by bringing to the fore unexplored cultural artifacts vital to the narrative of development along the coasts in Spain—in particular the ubiquitous tourist postcard, which advances not only the post-Franco economic miracle, but does so by highlighting the transformation of the actual Spanish landscape along its coasts.
The Paradox of Paradise features more than twenty-five striking images of coastal Spain in the throes of its own coming of age. Author William J. Nichols has unlocked a strange, self-conscious archive that tells us as much about our own age of advertising as it does about the hotels and resorts and people on display.
[more]