Studying the rise and fall of “company towns,” the lessons are clear. Place-based policies meant to resurrect declining areas are futile. Instead, leaders must not only invest in the people in their communities — they must recognize that policies to promote mobility will pay off.
About Eileen Norcross
Eileen Norcross is the Vice President of Policy Research and a Senior Research Fellow at the Mercatus Center at George Mason University. Her research focuses on questions of public finance and how economic institutions support or hamper economic resiliency and civil society.