Boston Mayor Martin J. Walsh has heard the concerns about the innovation economy having unintended consequences — such as gentrification — that only make economic inequality worse in Boston. But he’s not convinced.
What can government do to prevent Boston from becoming the next Detroit? The comparison sounds far fetched, yet a new paper from Harvard’s Kennedy School offers the reminder that a city’s entrepreneurial vibrance doesn’t always last forever. Before the Big Three auto makers became the dominant force in the city, Detroit was a bastion of entrepreneurship, too.More →