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How NYU will save New York, and other entrepreneurial insights

Wonderful article by Ed Glaeser in City Journal on how entrepreneurs are the heroes of New York’s success, from the days of pre-Civil War packet shipping and sugar refining, then the garment business, and more recently the Great Finance Sector.

OK that last one looks a little shaky right now, but Ed talks about how something new always comes along if the city just manages to hold on to enough entreprenurs to find the Next Big Thing.

One thing that Ed says helps hold on to the entrepreneurs: great universities. You’re welcome, New York, glad that we NYU profs could do our part to save your keister.

(HT Coordination Problem by Peter Boettke)

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    The Aid Watch blog is a project of New York University's Development Research Institute (DRI). This blog is principally written by William Easterly, author of "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics" and "The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good," and Professor of Economics at NYU. It is co-written by Laura Freschi and by occasional guest bloggers. Our work is based on the idea that more aid will reach the poor the more people are watching aid.

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