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The New Urbanism Versus the Market Process

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  • Randall G. Holcombe

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Abstract

The new urbanism argues that land-use planning should be used to create higher-density development and to promote alternatives to the use of personal automobiles for transportation. The concerns of the new urbanist movement are shown to be misplaced, and the goals of the new urbanism are shown to be in conflict with market incentives, making them difficult to implement in any event. A better policy for more efficient land use would be for governments to plan more effectively for their own infrastructure development while allowing the development of privately-owned land to be guided by market forces.

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Bibliographic Info

Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 17 (2004)
Issue (Month): 2_3 (06)
Pages: 285-300

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Handle: RePEc:kap:revaec:v:17:y:2004:i:2_3:p:285-300

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Web page: http://www.springerlink.com/link.asp?id=100335

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Cited by:
  1. Thierry Aimar, 2009. "The curious destiny of a heterodoxy: The Austrian economic tradition," The Review of Austrian Economics, Springer, vol. 22(3), pages 199-207, September.
  2. Peter Gordon Sanford Ikeda, 2012. "Does Density Matter?," Working Paper 8957, USC Lusk Center for Real Estate.
  3. Peter Gordon, 2012. "Spontaneous Cities," Working Paper 8954, USC Lusk Center for Real Estate.

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