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Edward L. Glaeser

Politicians, places, and bad policies

By Edward L. Glaeser
February 1, 2008

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WHEN A politician starts talking about a nifty plan to subsidize a sports stadium or a monorail to turn around a troubled city, it pays to be skeptical. Even when attempts at reversing urban decline have reflected the purest motives, they have usually been expensive failures. The powerful economic forces that drive urban change are just too hard to overcome. (Full article: 746 words)

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