Although Florida was successful in selling the idea of a “creative class,” this is hardly news. Florida was simply describing the “human capital theory,” which states that the amount of highly-educated people in an area is what drives economic growth. Florida argues, however, that his theory differs from the human capital theory as “(1) it identifies a type of human capital, creative people, as key to economic growth and (2) it identifies the underlying factors that shape the location decisions of these people” (Florida, 2003). However, the creative people that Florida is describing are, for the most
Although Florida was successful in selling the idea of a “creative class,” this is hardly news. Florida was simply describing the “human capital theory,” which states that the amount of highly-educated people in an area is what drives economic growth. Florida argues, however, that his theory differs from the human capital theory as “(1) it identifies a type of human capital, creative people, as key to economic growth and (2) it identifies the underlying factors that shape the location decisions of these people” (Florida, 2003). However, the creative people that Florida is describing are, for the most