Urban Architecture & Design, Construction & Building Trades, Construction & Building Trades, Business - General & Miscellaneous, Urban Studies, Real Estate & Property Law, Infrastructure Policies
Log in to track your reading progress.
Overview
Five kinds of urban order are examined, arising as co-operating individuals seek to reduce the costs of transacting with each other. These are organisational order (combinations of property rights), institutional order (rules and sanctions), proprietary order (fragmentation of property rights), spatial order and public domain order. Property Rights, Planning and Markets also offers an institutional interpretation of urban planning and management that challenges both the view that planning inevitably conflicts with freedom of contract and the view that its function is a means of correcting market failures.Synopsis
Webster (urban planning, Cardiff U., Wales) and Lai (economics, planning, and law, U. of Hong Kong) explore the strengths and weaknesses of the top-down and bottom-up approaches to city planning in cities and systems of cities that have recently adopted capitalism and are struggling with a culture of welfare statism and a sense that old forms of government no longer work. They argue that state and markets co-evolve, complementing each other and discovering by trial and error better ways of distributing responsibilities. Annotation ©2003 Book News, Inc., Portland, OR
Book Details
Published
June 1, 2003
Publisher
Elgar, Edward Publishing, Inc.
Pages
264
Format
Hardcover
ISBN
9781840649048