“A new paper takes a deep dive into the connection between culture and economic development in New York and London. The paper … looks at the ways in which culture and cultural capital interact with economic factors (such as changes in median income and house prices) to shape urban economic development. And because urban economic development and culture are increasingly seen to be associated with rising gentrification and deepening inequality, it also looks at the effects of cultural capital on housing prices and housing affordability in these cities.”