Bardhan, Ashok; Walker, Richard - In: Cambridge Journal of Regions, Economy and Society 4 (2011) 3, pp. 303-322
California was the epicentre of the current Great Recession. Due to its economic structure, open economy, political institutions and other factors, it has a starring role in the four-fold US crisis underway--housing, urban, industrial and fiscal. First, California was a disproportionately large...