Knowledge Value: The New Niche for Cities? - Yet despite all the hype associated with rural Lone Eagles and the development of the hinterland cities, some developments associated with the telecosm and the entrepreneurial "new economy" suggest that historic urban locations may have a far more viable long-term role than suggested by Gilder and others. The very telecommunications technology that allows for an investment banker to work from Park City, Utah also enables an urban entrepreneur in New York's Chelsea District or Santa Monica, California the opportunity to work from home as well without necessitating an unpleasant subway ride or a miserable commute along Southern California's freeways.
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