Executive Editor JOEL KOTKIN on IStock Analyst regarding Americans and cities

As a puny yet honest attempt to show you that I actually read other things than plain economics I thought that I would share this piece with you on declining nomadism amongst Americans; it is written for Newsweek by author Joel Kotkin. I am not quite sure whether he believes the aging of the population to be the decisive factor contributing to the rise of localism which he speaks about or just a factor among many. I would presume that sociologists and historians could find an explanation for this development in their distinct theoretical tool kits too without invoking the demographic evolution. Although, it is tempting to go for a nostalgic narrative here I don't think this is appropriate. To me, an increase in physical localism could go well hand in hand with an ever greater degree of global integration and social mobility in the non-physical sense.

Joel on IStock Analyst