Enron, WorldCom, Global Crossing-the mere mention of these companies brings forth images of scandal, fraud, and large-scale corruption. But do these dark stars of media stories represent a few \"bad apples\" or does their misconduct provide evidence of a regulatory black hole in the so-called New Economy?...

The 1990s dawned with a belief that the digital revolution would radically transform our traditional notion of cities as places of commerce and industry. Many predicted that digital technology would render cities--or at least their economies--obsolete. Instead, precisely the opposite happened....