The New Urbanism Versus the Market Process

Randall Holcombe

The Review of Austrian Economics, 2004, vol. 17, issue 2_3, 285-300

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.

Date: 2004
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