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Article: The new institutional economics and the evolution of modern urban planning: Insights, issues and lessons

TitleThe new institutional economics and the evolution of modern urban planning: Insights, issues and lessons
Authors
Issue Date2005
PublisherLiverpool University Press. The Journal's web site is located at http://www.liverpool-unipress.co.uk/journals_2.html
Citation
Town Planning Review, 2005, v. 76 n. 4, p. 455-484 How to Cite?
AbstractUrban planning is constantly in tension; always evolving and forever re-inventing itself. The history of modern urban planning is the story of society in search of ways of managing spontaneity. This is a conundrum to which there is no obvious or easy answer. Failing to understand it leads to planning that does not work. To understand how cities develop at the boundary between market forces and government policy it is necessary to understand the role of both kinds of institution in allocating property rights over scarce land and land-related resources. This paper examines these ideas, first with reference to some theoretical insights from the New Institutional Economics and secondly, by drawing lessons from the evolution of the British town planning system over the last hundred years. The discussion addresses key issues at the heart of the institutional design problem, including the question of how rights should be distributed between state and private property owners - including third parties affected by contracts between one or more other parties; how state rights should be allocated between different levels and spatial scales of governance; and, which institutional mechanisms should be used to exercise those rights most effectively and efficiently in the interest of achieving better co-ordinated cities.
Persistent Identifierhttp://hdl.handle.net/10722/183452
ISSN
2015 SCImago Journal Rankings: 0.377
References

 

DC FieldValueLanguage
dc.contributor.authorWebster, Cen_US
dc.date.accessioned2013-05-27T08:38:09Z-
dc.date.available2013-05-27T08:38:09Z-
dc.date.issued2005en_US
dc.identifier.citationTown Planning Review, 2005, v. 76 n. 4, p. 455-484en_US
dc.identifier.issn0041-0020en_US
dc.identifier.urihttp://hdl.handle.net/10722/183452-
dc.description.abstractUrban planning is constantly in tension; always evolving and forever re-inventing itself. The history of modern urban planning is the story of society in search of ways of managing spontaneity. This is a conundrum to which there is no obvious or easy answer. Failing to understand it leads to planning that does not work. To understand how cities develop at the boundary between market forces and government policy it is necessary to understand the role of both kinds of institution in allocating property rights over scarce land and land-related resources. This paper examines these ideas, first with reference to some theoretical insights from the New Institutional Economics and secondly, by drawing lessons from the evolution of the British town planning system over the last hundred years. The discussion addresses key issues at the heart of the institutional design problem, including the question of how rights should be distributed between state and private property owners - including third parties affected by contracts between one or more other parties; how state rights should be allocated between different levels and spatial scales of governance; and, which institutional mechanisms should be used to exercise those rights most effectively and efficiently in the interest of achieving better co-ordinated cities.en_US
dc.languageengen_US
dc.publisherLiverpool University Press. The Journal's web site is located at http://www.liverpool-unipress.co.uk/journals_2.htmlen_US
dc.relation.ispartofTown Planning Reviewen_US
dc.titleThe new institutional economics and the evolution of modern urban planning: Insights, issues and lessonsen_US
dc.typeArticleen_US
dc.identifier.emailWebster, C: cwebster@hku.hken_US
dc.identifier.authorityWebster, C=rp01747en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-37149025293en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-37149025293&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume76en_US
dc.identifier.issue4en_US
dc.identifier.spage455en_US
dc.identifier.epage484en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridWebster, C=7201838784en_US

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