NYT: Harvard Economist on New York as “America’s Resilient City”


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Edward L. Glaeser says: “Historically, human capital — the education and skills of a work force — predicts which cities are able to reinvent themselves and which ones are not. Those people who are continuing to pay high prices for Manhattan real estate are implicitly betting that New York’s human capital will continue to come up with new ways of reinventing the city.”