The Rise of the Elite City

American cities looked like they were headed for the scrap heap in the 1970s and 80s, but some of them, particularly the elite cities of the American coasts (and their peers in other countries) came roaring back. Thanks to globalization, deregulation, and other factors, places like New York and San Francisco now control the commanding heights of the economy. They also control the culture because they are the places where the elite institutions and networks that create culture are concentrated...