The Road to Riches?
Christopher Shea,
Boston Globe,
Mar 01, 2004
I have discussed theory before, so it's only fair that I mention this article describing some rebuttals. The theory is the idea that more diverse theories promote economic growth. The rebuttals, in the form of single year styatistics from selected cities, suggest a more traditional path to growth: Cut taxes and slash onerous regulations. Obviously, the evidence of one year in no way refutes the theory, which is intuitively strong. After all, "I will take any day Boston and San Francisco and New York over Las Vegas and Des Moines and the rest of Joel's cities." But that there are mitigating factors should be clear: "People want to live in sunny, dry climates and -- to the horror of smart-growth advocates everywhere -- they actually like car-centered cities. In place of Florida's 'Technology, Talent, Tolerance,' Glaeser proposes a different recipe: 'Skills, Sun, Sprawl.'"CRLFCRLF
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