This study examines the factors that caused New York City's
financial crisis in 1975 and demonstrates how these manifestations
of newly evolved political alliances and systems continue to
undermine the city's financial stability. It shows how these
problems, which are enduring features of the city's political
system, are not unique to New York but a threat to the financial
stability of most major American cities. The volume won the
American Political Science Association's Award for the Best Book on
Urban Policy.
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