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 […]
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.”
As our initial review, I wanted to select a theme on which I was eminently qualified to speak. That issue has to be “decline”. I spent over eleven years as CEO of a major economic development organization in Erie County (Buffalo), New York. During my tenure, I presided over a decade of frustrating, solution defying population and job loss, and to make matters ever more pleasurable, was usually cited as an important cause of that decline. Accordingly, when I read the Hamilton Project report I was impressed that a prominent research think tank had called attention to a real but ignored, situation; a group of beleaguered communities no longer had to suffer in shame and isolation.
Richard Dreyfuss looks out the window of his ascending airplane and sees the girl of his dreams, the girl he had spent a weekend chasing and never finding, driving off into the proverbial sunrise-never ever to be seen again. So ends American Graffiti. The frustration and disappointment which ends that story is the beginning of […]
New times and new realities command change and adaptation. The Journal of Applied Research in Economic Development is no exception. With the beginning of the New Year, Volume 8, we introduce our latest and greatest version of the Journal. The NEW Journal is exclusively online. The core of the new Journal will be two reviews, published each month, under the byline “In the Trenches”. “In the Trenches” is our “above the fold” cornerstone around which the reviews will focus, reflecting our central purpose of translating academic and think tank research into the language of local economic directors in the field. We invite your feedback and contributions.