Describes ten large-scale public investments, including the Louisiana Purchase, the Panama Canal, and the G.I. Bill, and their impact on American economics and society.

About the Author:

Felix Rohatyn, a frequent contributor to The New York Review of Books, was a managing director at the investment banking firm Lazard Freres & Co. LLC and served as the U.S. ambassador to France. From 1975 to 1993, Mr. Rohatyn was chairman of the Municipal Assistance Corporation of the State of New York, where he managed the negotiations that enabled New York City to resolve its financial crisis.

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