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Property Rights, Planning and Markets - Managing Spontaneous Cities (Hardcover, illustrated edition)
Loot Price: R3,154
Discovery Miles 31 540
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Property Rights, Planning and Markets - Managing Spontaneous Cities (Hardcover, illustrated edition)
Expected to ship within 12 - 17 working days
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Total price: R3,174
Discovery Miles: 31 740
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This book represents a major innovation in the institutional
analysis of cities and their planning, management and governance.
Using concepts of transaction costs and property rights, the work
shows systematically how urban order evolves as individuals
co-operate in cities for mutual gain. Five kinds of urban order are
examined, arising as co-operating individuals seek to reduce the
costs of transacting with each other. These are organisational
order (combinations of property rights), institutional order (rules
and sanctions), proprietary order (fragmentation of property
rights), spatial order and public domain order. Property Rights,
Planning and Markets also offers an institutional interpretation of
urban planning and management that challenges both the view that
planning inevitably conflicts with freedom of contract and the view
that its function is a means of correcting market failures. Real
life examples from countries and regions around the world are used
to illustrate the universal relevance of theoretical
generalisations, which will be welcomed by a new generation of
policymakers and students who take on a world view that goes beyond
national boundaries.
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