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Article Source: Project Syndicate

Build Back the State

In promising to "build back better" from the pandemic, US President Joe Biden has certainly struck the right note. But to succeed, he will need to forge a new social contract, drawing on the lessons of a previous era when the US state led a program that is still paying economic dividends.

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Are Cities Finished?

Far from rendering cities obsolete, as some predicted early on, the pandemic has unlocked an ever-broader potential for renaissance – what the economist Joseph Schumpeter famously called “creative destruction” on an urban scale.

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