"In this well-documented book, former Crains New York Business editor and current columnist David presents Wall Street as the possible driver of New Yorks future prosperity despite its periodic booms and busts. Although the myth of manufacturing persists among those enamored of the citys past, high costs and clogged transport weigh on the sectors prospects, while higher education, film and television production, and a revived tech sector offer greater prospects for job creation and enhance the citys allure for young people. The financial field still rules the roost: If Wall Street is permanently restructured, New York will simply be less wealthy. In October 2007, the peak for financial industry employment, the state comptroller reported that each job in Wall Street created another 3.2 jobs in the economy 2 in the city and 1.2 elsewhere, mostly in the suburbs. Davids review of policies and personalities shaping New Yorks past and future offers insights into Wall Streets leadership of the global financial industry, but leaves unexamined possible overseas challenges, neglecting to address prospects that New Yorks intellectual base could fuel the growth of high-value-added manufacturing locally. Nonetheless, his cautious claim that Wall Street may save the city again as it has done so often in modern New York may quiet market detractors" (Publishers Weekly)
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