The past three decades have been characterized by vast change and crises in global financial markets – and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking cri...

Conventional wisdom held that housing prices couldn't fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no differ...

When firms and people are located near each other in cities and in industrial clusters, they benefit in various ways, including by reducing the costs of exchanging goods and ideas. One might assume that these benefits would become less important as t...