A New Way to Think About State and Local Economic Development

Yogi Berra supposedly claimed "the future ain't what it used to be" --- well either is our past.

Back to the Future of American Economic Development.

How we got to where we are today helps to understand how we get to where we need to go. 

A bold new approach for the Journal of Applied Research in Economic Development is appearing on your screen in April.

A FREE ONLINE Introduction to the History of American State and Local Economic Development from George Washington to Donald Trump

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Why Do We Need a Bold New Approach--Read our Latest Issue

"Has Economic Development Lost its Ability to Innovate: Can We Practice What We Preach?

Latest Articles

February 2011

Is This Time Any Different?

Our discussion on the New Normal and the Post-Financial Crisis centers chiefly around two major conceptual positions. The first is the New Normal label and its conceptual underpinnings and was developed by Mohamed El-Erian, CEO of America’s largest asset manager, PIMCO. The second conceptual position is drawn from Reinhart & Rogoff’s, This Time is Different. It is worth note that El-Erian put his concept together in 2008-2009 period and Reinhart and Rogoff in early 2010. They have been mostly right thus far into 2012. The article first appeared in January 2011 and has been edited and updated for this issue.

February 2011

So What is to Be Done?

Assuming the reader has waded through our initial review of the New Normal, the obvious question on your lips as you start this review would be: So… if we are in this New Normal,” What Should We Do”? So what is to be done? This review will depressingly conclude that there is no instruction manual […]

February 2011

The Federal Role in Encouraging Innovation: The "I’s" Have It

Last week, in a well-reported address, New York Mayor Michael Bloomberg made an impassioned argument that stimulating innovation is an essential federal economic role around which Democrats and Republicans can and should find common ground. Bloomberg called innovation “capitalism’s most powerful force” and said “Unless we innovate, we cannot hope to succeed. And if we do innovate, there is no way we can fail.”