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Public Goods And Private Communities

Author

Listed:
  • Fred E. Foldvary

Abstract

Rejecting the market-failure hypothesis, Dr Foldvary argues that an entrepreneur can provide collective goods by consensual community agreements. Instead of focusing particular services, as previous studies have done, this book concerns itself with entire private communities. A series of case studies demonstrates how real world communities, such as Walt Disney World, the Reston Association in Virginia and the private neighbourhoods of St Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate restrictions such as zoning as well as the taxation of private services. After considering the implications of his work for urban economies – at a time when many of America’s cities are plagued by decay, violence and poverty – Dr Foldvary argues that prosperity can be restored to cities if private communities are allowed to develop. As an original response to an urgent, contemporary problem this well-written book will be welcomed by social scientists, policy makers and business leaders seeking solutions to problems of urban decay.

Suggested Citation

  • Fred E. Foldvary, 1994. "Public Goods And Private Communities," Books, Edward Elgar Publishing, number 167.
  • Handle: RePEc:elg:eebook:167
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    File URL: http://www.e-elgar.com/shop/isbn/9781852789510
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Fred E. Foldvary, 2014. "Governance by voluntary association," Chapters,in: Cities and Private Planning, chapter 4, pages 66-92 Edward Elgar Publishing.
    2. repec:spr:grdene:v:23:y:2014:i:5:d:10.1007_s10726-013-9342-x is not listed on IDEAS
    3. Stefano Moroni, 2011. "Land-use Regulation for the Creative City," Chapters,in: Handbook of Creative Cities, chapter 17 Edward Elgar Publishing.
    4. Aron Gooblar, 2002. "Outside the Walls: Urban Gated Communities and their Regulation within the British Planning System," European Planning Studies, Taylor & Francis Journals, vol. 10(3), pages 321-334, April.
    5. Jeremy R. Groves, 2008. "Finding the Missing Premium: An Explanation of Home Values within Residential Community Associations," Land Economics, University of Wisconsin Press, vol. 84(2), pages 188-208.
    6. Alessi Louis De, 1998. "Reflections on Coase, Cost, and Efficiency," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(1), pages 1-22, March.
    7. Moroni, Stefano & Antoniucci, Valentina & Bisello, Adriano, 2016. "Energy sprawl, land taking and distributed generation: towards a multi-layered density," Energy Policy, Elsevier, vol. 98(C), pages 266-273.
    8. Peter Gordon, 2012. "Spontaneous Cities," Working Paper 8954, USC Lusk Center for Real Estate.
    9. Peter Gordon & Wendell Cox, 2014. "Modern cities: their role and their private planning roots," Chapters,in: Cities and Private Planning, chapter 8, pages 155-173 Edward Elgar Publishing.
    10. Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477.
    11. Feng Deng, 2014. "Private governance under public constraints," Post-Communist Economies, Taylor & Francis Journals, vol. 26(3), pages 324-340, September.
    12. F. Frederic Deng, 2002. "Ground Lease-Based Land Use System versus Common Interest Development," Land Economics, University of Wisconsin Press, vol. 78(2), pages 190-206.
    13. Stefano Moroni & David Emanuel Andersson, 2014. "Introduction: private enterprise and the future of urban planning," Chapters,in: Cities and Private Planning, chapter 1, pages 1-16 Edward Elgar Publishing.
    14. Laura Langbein & Kim Spotswood-Bright, 2004. "Efficiency, Accountability, and Private Government: The Impact of Residential Community Associations on Residential Property Values," Social Science Quarterly, Southwestern Social Science Association, vol. 85(3), pages 640-659.
    15. Fred E. Foldvary, 2011. "Contract, Voice and Rent: Voluntary Urban Planning," Chapters,in: Handbook of Creative Cities, chapter 25 Edward Elgar Publishing.
    16. Francesco Minora, 2013. "Collective institutions towards habitability: roles, strategies and forms of governance," Euricse Working Papers 1352, Euricse (European Research Institute on Cooperative and Social Enterprises).
    17. Fred E. Foldvary, 2005. "Geo-Rent: A Plea to Public Economists," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 106-132, April.
    18. William H. Rogers, 2006. "A Market for Institutions: Assessing the Impact of Restrictive Covenants on Housing," Land Economics, University of Wisconsin Press, vol. 82(4), pages 500-512.
    19. repec:eee:transa:v:100:y:2017:i:c:p:162-169 is not listed on IDEAS

    More about this item

    Keywords

    Economics and Finance; Politics and Public Policy;

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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