Interventionist responsibilities for the emergence of the US housing bubble and the economic crisis: ‘neoliberal deregulation’ is not the issue

Stefano Moroni

European Planning Studies, 2016, vol. 24, issue 7, 1295-1312

Abstract: Many commentators and scholars blame a lack of regulation for the present economic crisis. They maintain that the crisis is mainly due to the alleged neoliberal deregulation of the socio-economic system. This article considers a different possible explanation, attributing greater responsibility to interventionist public policies. In this perspective, and within a framework of general reform, the role of land and building regulations in particular will be critically discussed. To avoid any misunderstanding: the idea is not to put ‘all’ the blame on public intervention, but to also recognize its contribution.

Date: 2016
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DOI: 10.1080/09654313.2016.1168786

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