It’s perhaps hard for some to imagine now, but there was a time when Los Angeles was a sleepy, and largely inconsequential American city. For those interested in learning how it rose from irrelevance into one of the world’s most important locales, Institute of Applied Economics fellow Eric John Abrahamson has written a very interesting, if at times mis-analyzed, account of the city’s evolution through the story of banking and insurance tycoon Howard Ahmanson.
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