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A Tale of Two Cities

Why do some countries thrive while others fail? The question has been on the minds of the best thinkers for generations.  Let’s scale the question down a little bit. Why do some cities flourish while others whither? Adam Smith said all that’s needed for economic success is a climate of “peace, moderate taxation, and good administration of justice.” Prosperity will naturally follow from these key conditions.

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A Tale of Two Cities

Why do some countries thrive while others fail? The question has been on the minds of the best thinkers for generations.  Let’s scale the question down a little bit. Why do some cities flourish while others whither? Adam Smith said all that’s needed for economic success is a climate of “peace, moderate taxation, and good administration of justice.” Prosperity will naturally follow from these key conditions.

08/15/2013