Urban Problems and Economic Theory

Graham Hallett
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Graham Hallett: University College

Chapter 2 in Urban Land Economics, 1979, pp 11-35 from Palgrave Macmillan

Abstract: Abstract The problems of allocating urban land uses are basically the same as those of allocating food, clothes, cars or anything else. Economic textbooks begin by pointing out that all societies, whatever their political and social organisation, have to answer three economic questions. What is to be produced? How is it to be produced? For whom is it to be produced?1 In the urban field, this means such questions as: How many houses, shops, offices are to be built? Where and how are they to be built? Who is to obtain the use of the houses, shops and offices?

Keywords: Market Economy; Welfare Economic; Negative Externality; Urban Renewal; Market System (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04537-2_2

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DOI: 10.1007/978-1-349-04537-2_2

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