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The Economics of Affordable Housing (Hardcover)
Loot Price: R3,839
Discovery Miles 38 390
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The Economics of Affordable Housing (Hardcover)
Series: Routledge Advances in Regional Economics, Science and Policy
Expected to ship within 12 - 17 working days
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The economic system of competitive capitalism has proven to be both
resilient and flexible over time and has contributed to the
economic welfare of citizens in liberal and coordinated market
economies in diverse regions and countries. At the same time, over
the entire post-World War II period, there has been a notable
endemic shortage of affordable housing in many advanced economies.
This book points at both the causes and the consequences of this
circumstance and provides an integrated economic and legal view of
how housing production is dependent on housing finance, which, in
turn, means that legal conditions and the sovereign state play an
active role. Further, the book contributes to the literature from
two otherwise partially separated disciplines-housing and urban
development studies on the one hand and the institutional
centrality of the finance industry in the contemporary economic
system on the other. The author asserts that although somewhat
assimilated due to the ambitions of policy makers to optimize
social and economic welfare for their constituencies, the combining
of these two realms of expertise generates many favorable outcomes,
but also some costs derived from finance industry instabilities.
The book connects theoretical perspectives and provides an
empirical explanation for how affordable housing is generated in an
actual real world economy context. The book will be relevant to the
work of a number of academic disciplines including economics,
government studies, housing policy and urban planning, social
geography and law and society.
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