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Capital of the American Century investigates the remarkable influence that New York City has exercised over the economy, politics, and culture of the nation throughout much of the twentieth century. New York's power base of corporations, banks, law firms, labor unions, artists and intellectuals has played a critical role in shaping areas as varied as American popular culture, the nation's political doctrines, and the international capitalist e...

This study, which examines the factors that caused New York City's financial crisis in 1975 and demonstrates how its political alliances and systems continue to undermine the city's financial stability, won the American Political Science Association's Award for Best Book on Urban Policy.