Hayek and Cities: Guidelines
for Regional Scientists
By Peter Gordon and Harry W. Richardson
University of Southern California
Los Angeles 90089-0626
April 1999
Top I.
Introduction
Exit and voice (Hirschman, 1970) have been polar opposites available to urban
households when deciding whether to stay in the central city or move out to
the suburbs. The relative costs of these choices have been shifting for decades
in favor of exit. Increasingly footloose industries have helped to relax many
traditional geographic ties. Both greater affluence and growing interest group
strength have increased the costs of political and community participation
(voice). Reich (1991) is credited with calling attention to a plausible reaction,
the "secession of the successful." Interestingly, Wolfe (1998) points
out that the propensity to secede is even higher among African-Americans than
among other races. The recent explosion in gated and other private communities
is an extension of these tendencies.
Many people are moving away from historic urban centers and from traditional
forms of governance. These two current U.S. migrations are each a type of exit
from traditional political jurisdictions Both migrations circumvent the plans
and policies of governments and their clients. As such, they are likely to
be the evolutionary winners. In addition, there are good reasons to believe
that advances in technology will reinforce both processes, further weakening
the hands of state managers. There is also feedback. Failed and unpromising
urban policies add to the push forces, accelerating the transitions but also
making them more expensive. The major scope for reform then is whether and
how to relax the push forces. This is where market-compatible policies can
make a difference. In any case, the real story is how society repairs itself.
Hopkins (1996) and Nivola (1998) remind us that even after the fall of the
world's planned economies, we should not expect a smooth transition to reduced
regulation. There will always be forces that push for more. Consider the regulation
of land use. Whereas private arrangements to control land use externalities
are quite feasible, indeed the widespread use of covenants has been documented,
most were displaced by the emergence of zoning regulations and boards. Why?
Several explanations have been offered. Fischel (1995) notes that pro-local
government judicial interpretations of the takings clause of the Fifth Amendment
of the U.S. Constitution strengthened the hand of local governments. He is
sanguine about outcomes where they concern developed properties but argues
for increased judicial scrutiny in the case of undeveloped properties. The
owner of undeveloped property represents the interests of would-be residents
who are bound to be politically weak. "(T)he comparative advantage of
constitutional courts in protecting property rights is to intervene when the
economic protections of 'exit' and the political protections of 'voice' are
attenuated" (Fischel, 1995, p. 5). Fischel is not clear on how or why
this division of labor would be enforced. Rather, it is likely that the downside
that Fischel admits to, more takings, will continue to pose problems.
A more recent form of interventionism, New Urbanism (Katz, 1994; Calthorpe,
1993), advances a vision of master planning the built environment in the interests
of preserving the natural environment, conserving farmland, and promoting nostalgic
communitarianism. For example, consider the idea that compact land use arrangements
will lead to more pedestrian use and less auto traffic. It is more likely that
shorter distances mean lower costs and more travel; fixed trip frequencies
are one of New Urbanisms' many unexamined propositions. Yet its greatest shortcomings
are that it ignores the two migrations that many Americans are now engaged
in, completely misunderstands what motivates them and generally gives their
aspirations scant regard.
New Urbanism, as a panacea, is bound to fail wherever it is taken seriously
(Gordon and Richardson, 1998b). Rather than attempting to remake our cities
into "compact cities", planners should do a few things and do them
well. For example, society may decide to purchase selected lands in the path
of development. Discovering when and how to do this and with what funds is
a big task. Regional scientists can help by paying at least as much attention
to institutional infrastructure (Boettke, 1994) as to physical infrastructure.
They can clarify matters by suggesting that the market failure arguments that
buttress the New Urbanists require a second look, that there are powerful dynamics
at work that are beneficial, and that in this light New Urbanist policies may
do more harm than good.
Top II.
Neoclassical and Austrian Economics Compared
Whereas neoclassical economics describes the efficiency properties of various
market regimes, Austrian economics (best represented by Mises and Hayek) elaborates
the process by which markets achieve efficiency. The discovery efforts of entrepreneurs
(operating in an environment of well-defined and enforced property rights)
are central. Austrians advance "the notion of a dynamic market process
in which rivalry among participants ensures that knowledge is continually generated
and discovered" (Caldwell, 1997). This knowledge can only be gained in
the course of market rivalry and is greatly specialized and decentralized;
the centralization of knowledge required for socialist economic planning is
impossible. Hayek is perhaps best known for his depiction of "spontaneous
order", describing how markets and their beneficent supporting institutions
are spontaneously organized by free individuals.
In a recent exchange, economists Sherwin Rosen and Leland Yeager contrasted
the contributions of neoclassical and Austrian economics (Sherman, 1997; Yeager,
1997). Both perspectives offer unique insights into the role of markets versus
the plausibility of planned interventions. Tilting to the neoclassical side,
Rosen reminds his readers that the Austrians' "finest hour" was their
undoing of Lange's "market socialism" (the "calculation debate",
i.e. the idea that planners could solve for a vector of optimal prices and
let private decision makers respond to these). Yet this observation has gone
largely unnoticed in debates over the relative merits of conventional regulation-based
policies (as widely practiced in most OECD countries) as opposed to a "reformed" approach
that utilizes market mechanisms (such as externality taxes, tradable rights,
contracting, etc.) in order to exploit incentives and decentralized knowledge
(compare Banerjee, 1993, with Gordon and Richardson, 1993). Recent contributions
by Klein (1998), Staley and Scarlett (1998) and Ottensmann (1998) also advocate
similar reforms, but are more optimistic than us about their likely implementation.
Neoclassical welfare economics elaborates the properties of end-states (where
all the interesting problems have already been somehow solved) over processes.
It ranks end-states, identifies various "market failures" (departures
from "perfect" competition) and suggests interventions that would
correct them. The analysis of market failure follows naturally from a "straw
man" model. Perfect competition does not exist outside of textbooks. Yet,
if one omits this obvious fact, it follows as a triviality that interventions
are required to correct the failures. Feasibility is usually taken for granted.
The importance of dynamic competitive behavior in the absence of perfect competition
is an Austrian contribution (Hayek, 1946). Yet most textbooks still repeat
something like the 1930s version of the neoclassical approach. Not surprisingly,
it is also embraced in many standard courses given to students in various professional
schools (including urban planning, public policy and public administration).
Any discussion of market failure needs to be counterbalanced by the concept
of "government failure." Governments do not act in the public interest
because decisions are taken by public officials who have their own goals, such
as increasing agency size and influence, maximizing the number of supervisees,
or climbing the bureaucratic ladder. In addition, governments are vulnerable
to "rent-seeking" behavior by corporations and others to persuade
politicians and bureaucrats to grant them anti-competitive concessions by methods
ranging from campaign funds to corruption. Although the concept of rent-seeking
postdates the writings of the Austrians, it is clearly consistent with their
emphasis on the importance of the process of dynamic, competitive entrepreneurship
which would create a market environment in which rent-seeking could not occur.
Top III.
Market Lessons
Although its roots are eclectic, regional science gets much of its theory from
economics. Not surprisingly, it also taps mainly into neoclassical economics
that has always recognized that there are constraints on market operation.
So when it comes to policy discussions, it is not unusual for regional scientists
to note that markets function "imperfectly" and, as a consequence,
governments should intervene. Lal (1996), among others, has noted that: "it
is child's play to show that departures from 'nirvana economics' are ubiquitous
-- and that 'market failure' (is) the intellectual basis of the planning syndrome" (p.
x). Some analysts have searched for possible government failures and try to
balance these with any market failures. However, as suggested above, something
is missing from the neoclassical story: the lessons of Mises and Hayek who
called attention to the fact that even in the world of imperfect markets, market-based
prices work hand in hand with an essential division of knowledge. These are
the dynamics by which humanity (after escaping the Malthusian Trap, the oil
depletion and the related energy shortages scares and other perceived calamities)
continues to advance (Lebergott, 1993; Simon, 1996; Cox and Alm, 1998).
If neoclassical thinking is embraced, what is a regional scientist to do with
the assertions of the New Urbanism now so prominent in the planning literature?
From what we have seen, not much. While "neotraditional" planners
are often critical of traditional zoning practices, they simultaneously advocate
a raft of tougher controls and broader interventions. Some of its advocates
make it a point to enumerate the textbook conditions for "perfect markets" (Nelson,
1998), note that these are not fulfilled, and quickly move on to hair-raising
prescriptions such as Urban Growth Boundaries and similar restrictions (Schmidt,
1998). The implications for the operation of urban land markets are horrendous.
Portland, Oregon, is a case in point. Ranked 184th out of 187 cities in terms
of housing affordability (in the third quarter of 1998; National Association
of House Builders data), it is by far the country's leader in terms of house
price increases (115.2 percent between January 1990 and December 1998 out of
140 metropolitan areas; First American Real Estate Services data).
Noneconomic normative thinking about cities and space is nothing new. Architects
and planners have usually framed the debate. In contrast, many regional scientists'
normative ideas remain stuck in the welfare branch of neoclassical economics. "Mainstream" neoclassical
economists claim recently to have discovered cities and space ("The Last
Frontier", according to Krugman, 1998). Yet, by still omitting discussions
of the various spaces that define cities (e.g. their centers, suburbs and exurban
areas) they have very little to say about New Urbanism or other contemporary
planning themes (Gordon and Richardson, 1998a). A recent interesting but flawed
paper by Glaeser (1998) is a case in point. The author uses city (metro area)
size as a key explanatory variable. He settles on PMSAs (Primary Metropolitan
Statistical Areas) as the appropriate unit of measurement and identifies various
city size elasticities (with respect to commuting time, air pollution, trust,
happiness, etc.). Finding that "the connection between city size and commuting
time has been declining slightly over time," (p. 151) but noting that
the aggregate costs of commuting will increase as the value of time grows,
he looks for offsets in the form of better technology and congestion pricing.
Unfortunately, the real spatial story is still missing. Most analysts now agree
that as there is a continuous growth in suburb-to-suburb commuting and that
average travel speeds rise to offset greater distances. Suburbanization is
a traffic "safety valve". Settling on the PMSA definition of cities
and leaving out the outer suburbs obscures this important point. The worst
traffic is in the densest cities, undermining a key New Urbanist position,
and diminishing one more "market failure". This spatial accommodation
is made possible by market flexibility and fewer barriers. It is, therefore,
also a dynamic accommodation that would not surprise Hayekians. Of course,
there is an ongoing debate about the extent to which space matters, but regional
scientists have the best experience in addressing this issue. The combination
of assessments of spatial relevance and Hayekian competition is powerful.
The idea of market-friendly public policy is not new. Welfare economists since
Pigou (1921) have pointed to opportunities for policy makers to "get prices
right". Other "optimal" policies have focused on the introduction
of new markets such as for emissions trading (Jorgenson, 1997), trading water
rights, transfers of and/or payments for development (or conservation) rights.
Closely related to all this is the idea of "rational policy analysis" (Quade,
1982). These prescriptions, however, have not confronted the problem that planners'
incentives may point them in different directions. Many of the suggestions
of the policy reformers are undermined by the public choice view (incentives)
and by the Austrian position (knowledge). Where does this leave "market
planning"? Indeed, Wegner (1997) asks whether the evolutionary market
processes described by Hayek "offer policy makers any leeway for design?" (p.
487) and "(c)an we imagine a successful policy of interventionism at all
if we assume both decentralized knowledge of market participants and an evolving
economy?" (p. 492). Does this imply that there is no role for policy analysis?
Analysis by regional scientists could be more useful if their point of departure
was an understanding of the powerful dynamic forces that shape society rather
than the "child's play" of discovering market failure.
Interventions of any stripe are no match for Hayek's notion of "spontaneous
order," the discipline of a highly decentralized market under a well-defined
set of laws and rules that permit order to emerge. This "emphasizes the
positive task of liberal legislation in providing an appropriate institutional
framework for market competition and cultural evolution" (Vanberg, 1994,
p. 198). More than markets that may attain some Paretian state, these processes
describe "how human societies provision themselves through time" (Mayhew,
1997). Successful behavior and institutions are constantly being selected.
Some powerful contemporary trends can be seen in this light. For example, as
suggested above, many Americans are now moving out of harms' way into private
communities and/or into outer suburban and rural areas. These outcomes clash
with city planners' New Urbanism that advocates radical restrictions on markets
so that more "compact" patterns of urban settlement (e.g. via core
city infill development) might emerge. Affluence and technological advances
are making the two migrations feasible for increasing numbers of people. Unsuccessful
and uninspired policies contribute by adding to the "push" forces.
New Urbanists are ironically and unwittingly part of the problem that they
bemoan rather than the solution. Moore's Law, even faster bandwidth growth,
and the networked economy accelerate the whole process. It is better to understand
Hayek's dynamics than static models of market failure.
Top IV.
City Planning and New Urbanism
Writing about his own archeological quest in search of how urban America works,
Garreau notes that his discovery "was a challenge to everything that I
had been taught: that what this world needed was More Planning; that cars were
inherently Evil and that our attachment to them was Inexplicable; that suburbia
was morally wrong, primarily a product of White Flight; and that if Americans
perversely continued to live the way they have for generation after generation,
it couldn't be because they liked it; it must be because They Had No Choice.
I even thought that cities were built by Master Architects" (Garreau,
1991, p. xx). One need not look far to see that such largely unexamined views
are staples. As Hayward (1997) observed: "The car is rapidly becoming
the ultimate Rorschach test of political and social attitudes." Most thinking
on these lines is now embellished in New Urbanism and its recommendations of
the "neo-traditional" design of communities and neighborhoods. New
Urbanist advocates claim that these designs would benefit the natural environment,
reinvigorate the "public realm," restore a "sense of place" and
solve a myriad of social problems. Many New Urbanists see themselves as part
of an ideological, almost a religious, movement. It is driven by a Congress
for New Urbanism, a closed group of architects, planners and journalists, which
published a utopian Charter in 1996. It has no place for the choices of the
people who are the objects of planning. Rather, it proposes to vest great powers
in their own kind, the New Urbanist designers, architects and planners. In
addition, it suggests that it is a relatively simple matter to remake the world,
accurately described by David Harvey as "spatial determinism."
New Urbanist advocates deride most of the residential developments that are
put on the market as the product of overly restrictive U.S. zoning and building
codes. In so doing, they overlook widespread low-density development outside
this country. More leafy suburbs with better quality schools and more political
power (for those who want to be involved) are flourishing around more cities
all the time, simply because this is what most people want. It is not clear
that the neo-traditional communities that have recently been built are passing
the market test (Pollan, 1997). Were it so, it is likely that at least some
competing developers (and some competing communities and zoning boards) would
scramble to meet the demand. Many others would follow, if successful. Where
they have been "successful," they are turning out very elitist communities
with very expensive property values (e.g. Seaside, Florida; Garvin, 1998, or
Celebration, Florida) that make the social mixing goals of New Urbanism a joke.
Nevertheless, lawmakers in several states have adopted much of the New Urbanist
position, arguing for statewide land use planning, urban growth boundaries,
concurrency arrangements, and other instruments to promote compact development.
All of this regulatory activity is occurring at a time when markets appear
to be winning in most other sectors of the economy, both local and global.
Top V.
Contemporary Patterns of Human Settlement
Rybczybski (1995) is among the latest in a long line of observers to ask: Why
are North American cities not more like Paris? The author admits that "(c)hanges
in North American cities are often the result of what economists call market
forces, a reminder that our cities are shaped not only by planners but often
by the idiosyncratic decisions of large numbers of separate citizens" (p.
30). There is much more of this than he appreciates. Markets are ascendant
at home and abroad. The increasing mobility of labor and capital between cities,
regions and countries has been widely discussed. Governments must compete more
than ever; there are limits to rent-seeking. McKenzie and Lee (1991) attribute
the demise of communism and other forms of statism around the world to these
new facts of life.
While cities have been suburbanizing for many decades (Manhattan's population
peaked in 1910), Garreau (1991) gets much of the credit for calling attention
to a key attribute of modern urbanization, what he chose to call "Edge
City: Life on the New Frontier." He begins with: "The controversial
assumption undergirding this book is that Americans are basically pretty smart
cookies who generally know what they're doing. ... (I)t is further assumed
that this good sense is especially evident when Americans cussedly march off
in precisely the opposite directions from those toward which our elders and
betters have been aiming us." (p. xix).
Our own work elaborates this discussion in two directions. First, using the
example of Los Angeles, we have demonstrated that development now moves outward
from metropolitan subcenters, just as it once did from the traditional city
center. In 1990, more than 88 percent of the metropolitan area's jobs were
outside any of the region's nineteen activity centers, up from 80 percent in
1970 (Gordon and Richardson, 1996). The levels and the trends suggest increasingly
generalized employment dispersion.
Our second finding is that since 1989, most U.S. job growth has been outside
metropolitan counties. During this "rural rebound," the 1989-1995
average annual growth rate for metropolitan area private sector jobs was 1.42
percent; the rate for the nonmetropolitan counties was 1.99 percent (Gordon,
Richardson and Yu, 1998). This contrast is proportionately somewhat greater
than during the celebrated "rural renaissance" of the 1970s (1.98
percent as compared to 2.57 percent). Also, metropolitan growth is overwhelmingly
occurring in the outer suburbs. Much of the nonmetropolitan growth is just
beyond the Edge Cities, although some of it is in nonadjacent rural areas.
Both results point to the same conclusion: agglomeration economies are now
spread over larger geographic spaces. This is consistent with the fact that
the costs of transportation and information exchange continue their long decline,
dramatically more so in recent years. More "footloose" industry means
that the location decisions of households now lead firms, in contrast to the
long-standing imperative for workers to locate their homes in the vicinity
of industries that once had limited spatial mobility. The scope for residential
choice is now much wider and still growing. This is, therefore, an inopportune
time for imposing urban growth boundaries. Spatial settlement is rapidly accommodating
to new technologies. Easterlin (1996) summarizes the dramatic effects that
technological advances have had on living standards since the middle of the
eighteenth century. The much greater variety of residential choice is the latest
bounty from this process.
Top VI.
Private Communities
Of the two migrations that have been prominent in late-twentieth century America,
the movement of people and jobs into the outer suburban, exurban and rural
areas and the relocation of households into private communities, the latter
has received the least attention. But it has been labeled "the most significant
privatization of local government responsibilities in recent times" (cited
in McKenzie, 1994, p. 178). Both movements can be seen as parts of the latest
spontaneous social order to defy (via Hirschman's exit option) the plans of
visionaries and politicians. Many people are choosing social and political
as well as spatial arrangements beyond the planners' reach.
Suburbanization and exurbanization have already been explained. The parallel
move to private communities is less well understood. McKenzie, for example,
suggests that "(l)ocal tax revolts and reduced federal aid to cities coincided
with a deliberate shifting of responsibility for many social and regulatory
matters from the national level to state and local government. The result,
for many cities, was the specter of budget deficits and potential insolvency.
At the same time, the administrations of Presidents Carter, Reagan and Bush
promoted, subtly or explicitly, an existing popular dislike for government." (p.
178). In other passages, McKenzie alludes to private developers who "gradually
transferred local government functions to private corporations" (p. 180).
All these explanations beg the question. Why were taxpayers in revolt? Why
did they come to dislike government? Why did developers do what they did? Government
performance and ensuing perceptions of what was taken versus what was gained
must have played a role. Many public schools, for example, came to be identified
more with forced busing, dilapidated buildings, pitiable facilities, drugs
and violent crime and less with academic excellence.
At the same time, land use decisions at all levels of government (often driven
by environmental concerns) pose a growing "takings" threat to property
owners. Hopkins (1996) has shown that even though there have been major deregulatory
moves by the federal government in recent years (airlines, natural gas, telecommunications,
rail, trucking, etc.), there has been a net increase in regulation mainly because
of new environmental controls. Nivola (1998) also sees a broad "new pork
barrel" that is "off the books" in the form of mandates and
regulations, with a bill approaching $700 billion. Epstein (1985) concludes
that property owners now have reason to fear the prospect of having their real
estate assets placed in a common pool. Property-based voting in private communities
could then be seen as a reasonable defensive measure. Developers have discovered
that by selling governance opportunities, they are satisfying a profound consumer
demand (Boudreaux and Holcombe, 1999).
MacCallum (1997) reminds his readers that Spencer Heath, predating Tiebout
by more than 20 years, pointed out that " public services, the things
that we enjoy in common rather than separately and apart from one another,
things such as streets, public safety, and other community amenities, are supplied
to sites rather than to individuals, and individuals gain access to them through
their occupancy of these sites. Thus owners of land, when they lease or sell
sites, are the market purveyors of public services. Only thus can such services
be distributed, as other goods and services are, through the conventions of
the market place. Only through property in land can they be freely and equitably
administered by contract." (1997, p. 292). It is not implausible for developers
to go to the next step and produce as well as distribute these services. Their
reward would be more market power (Foster, 1997) and higher incomes from enhanced
land values. Why not, since the alternative, the imposition of developer impact
fees by local governments, means that they would be paying for them in any
event. The widespread historical occurrence of such arrangements has been documented
by Beito and Gordon (1999). They are now being revived in all sorts of "entrepreneurial
communities". MacCallum cites the shopping mall: "Fifty years ago
it was experimental; fewer than a dozen existed in the United States, and even
the name had to be coined. Today there are over 40,000. Moreover, each now
supplies for its tenants a significant portion of the community services formerly
provided exclusively by local governments, services such as paving, streets,
sewerage, parking and security" (pp. 293-4). Malls, of course, are evolving
all the time into "invented streets", entertainment centers, and
much more
MacCallum believes that proprietary community associations will dominate the
future of human settlement, replacing political administration. "The broad
picture I envision ... is one in which financially self-sustaining communities
will have become the norm, entrepreneurial enclaves with leaseholds instead
of subdivision lots as the tenure of choice for commercial and residential
uses alike. All taxation and burdensome licensing, regulation and other restrictions
on enterprise will belong to the past. The state will have withered away" (p.
296). The author emphasizes the distinction between subdivisions with owners'
associations and entrepreneurial communities. The former "is a policing
arrangement organized to enforce the restrictive covenants in the deeds. The
entrecom on the other hand seeks to foster an attractive living environment
that will draw new patronage and keep its existing patronage ... In the one
the residents are quite literally subjects ... In the other they are customers.
The owners' association seeks compliance and must be rigid; the entrepreneur
seeks patronage, and therefore must be flexible and accommodating" (p.
298). Interestingly, for-profit operation is offered as a greater safeguard
against arbitrariness than even property-based voting. In addition, "it
brings an entrepreneurial dynamic to the provision of public services that
is wholly lacking in subdivided communities" (p. 298). These benefits
will compete with the well-known attractions of privately owned land.
Like MacCallum, Foldvary (1994) notes that there are no public goods, only
territorial goods. The evolution of spontaneous order to allocate these efficiently
is very plausible from the Austrian perspective. The author calls attention
to relatively new arrangements and trends that point to the "purely voluntary
city, based on neighborhood associations, in which all governance is voluntary
and contractual. ... Ultimate power in a purely voluntary city would be completely
decentralized, down to the individual household and family. Its governance
structure would be bottom-up, power ultimately based on sovereign individuals.
The distinction between the government and private sectors would disappear,
as voluntary governance would be based on contracts among private members and
property owners" (1997, p.1). This idea goes far beyond Tiebout, whose
model was based on the idea of clubs, a concept that assumed some homogeneization
of preferences. Instead, it reproduces in a quasi-governmental context the
decentralized market behavior that Hayek and Mises found in commodity markets.
Top VII.
Conclusion
The arguments of this paper are simple. Those regional scientists trained in
economics need to return to their roots, but in a revised form emphasizing
the virtues of dynamic competitive behavior in a decentralized setting (the
Austrians) rather than the defensive posture that admits a wide range of market
failures (neoclassicism). Only this approach can enable them to challenge the
proliferation of local mandates and regulations in an era when higher-level
controls are withering. This would permit an effective challenge to the outdated
social engineering of the New Urbanists. It would also permit recognition of
the fact that the dual migrations, to suburban/exurban areas and to private
communities, is a market adjustment to be embraced rather than to elicit hand-wringing.
By exercising these exit options, households are far ahead of the planners'
game. In regional planning too, the spontaneous order remains powerful and
real.
Top References
Banerjee, Tridib (1993), "Market Planning, Market Planners and Planned
Markets: A Commentary," Journal of the American Planning Association,
59(3), 353-60.
Beito, David and Peter Gordon, eds. (1999), Voluntary Cities, forthcoming.
Boetkke, Peter J. (1994),"Introduction," 1-11, in Peter J. Boetkke
(ed.), The Collapse of Development Planning. New York: New York University
Press.
Boudreaux, Donald J. and Randall G. Holcombe (1999), "Contractual Governments
in Theory and Practice," in David Beito and Peter Gordon (eds.) Voluntary
Cities, forthcoming.
Caldwell, Bruce (1997), "Hayek and Socialism," Journal of Economic
Literature, 35:4, 1856-1890.
Calthorpe, Peter (1993), The Next American Metropolis. New York: Princeton
Architectural Press.
Cox, W. Michael and Richard G. Alm (1998), "Buying Time: How Real Prices
Have Declined over the Years, and Why We Work Less to Purchase More," Reason (August/September),
41-46.
Easterlin Richard A. (1998), "Twentieth Century American Population Growth," in
S. Engerman and R. E. Gallman (eds.) The Cambridge Economic History of the
United States, Vol III, The Twentieth Century. Cambridge: Cambridge University
Press, forthcoming.
Easterlin, Richard A. (1996), Growth Triumphant. Ann Arbor: The University
of Michigan Press.
Epstein, Richard A. (1985), Takings: Private Property and the Power of Eminent
Domain. Cambridge: Harvard University Press.
Fischel, William A. (1995), Regulatory Takings: Law, Economics and Politics.
Cambridge: Harvard University Press.
Foster, Kathryn A. (1997), The Political Economy of Special-Purpose Governments.
Washington, D.C.: Georgetown University Press.
Garreau, Joel (1991), Edge City: Life on the New Frontier. New York:
Doubleday.
Garvin, Alex (1998), "Is the New Urbanism Passe?" Lusk Review,
IV(1), 12-32.
Gerondeau, Christian (1997), Transport in Europe. Norwood: Artech House,
Inc.
Glaeser, Edward L. (1998), "Are Cities Dying?" Journal of Economic
Perspectives, 12:2, 139-160.
Gordon, Peter and Harry W. Richardson (1993), "Market Planning: Oxymoron
or Commonsense," Journal of the American Planning Association,
59(3), 347-52.
Gordon, Peter and Harry W. Richardson (1996), "Beyond Polycentricity:
The Dispersed Metropolis, Los Angeles, 1970-1990," Journal of the American
Planning Association, 62:3, 289- 295.
Gordon, Peter and Harry W. Richardson (1998a), "Defining Cities," Journal
of Economic Perspectives, 12(4), 236-7.
Gordon, Peter and Harry W. Richardson (1998b), "A Critique of New Urbanism." Paper
presented at the ACSP Conference, Pasadena, November.
Gordon, Peter and Harry W. Richardson and Grant Yu (1998), "Metropolitan
and Nonmetropolitan Employment Trends in the U.S.: Recent Evidence and Implications," Urban
Studies, 35(7), 1037-57.
Hayek, F.A. (1988), The Fatal Conceit: The Errors of Socialism, Vol. I,
in W.W. Bartley III (ed.) The Collected Works of F.A. Hayek. Chicago: The University
of Chicago Press.
Hirschman, Albert O. (1970), Exit, Voice and Loyalty. Cambridge, MA:
Harvard University Press.
Hopkins, T.D. (1996), "Regulatory Costs in Profile." Washington University:
Center for the Study of American Business.
Katz, Peter (1994), The New Urbanism: Toward an Architecture of Community.
New York: McGraw-Hill.
Klein, Daniel B. (1998), "Planning and the Two Coordinates: with Illustrations
in Urban Transit," Planning and Markets, 1(1).
Krugman, Paul (1998), "Space: The Final Frontier," Journal of
Economic Perspectives, 12:2, 161-174.
Lal, Deepak (1997), "From Planning to Regulation: Toward a New Dirigisme?" Cato
Journal, 17(2), 211-27.
Lebergott, Stanley (1993), Pursuing Happiness: American Consumers in the
Twentieth Century. Princeton: Princeton University Press.
MacCallum, Spencer H. (1997), "The Quickening of Social Evolutiom: Perspectives
on Proprietary (Entrepreneurial) Communities," The Independent Review,
2:2, 287-302.
McKenzie, Evan (1994), Privatopia: Homeowner Associations and the Rise of
Residential Private Government. New Haven: Yale University Press.
McKenzie, Richard B. and Dwight R. Lee (1991), Quicksilver Capital: How
the Rapid Movement of Wealth has Changed the World. New York: The Free
Press.
Nelson, Arthur C. (1998), "Urban Growth Boundaries: Promises, Pitfalls,
and Challenges," in Sandra Rosenbloom (ed.), forthcoming.
Nivola, Pietro S. (1998), "The New Pork Barrel," The Public Interest,
No. 131, 92-104.
Ottensmann, John R. (1998), "Market-Based Exchanges of Rights within a
System of Performance Zoning," Planning and Markets, 1(1).
Pigou, Arthur C. (1921), The Economics of Welfare. Cambridge: Cambridge
University Press.
Pollan, Michael (1997), "Town-Building is No Mickey Mouse Operation," New
York Times Magazine, Dec. 14.
Quade, Edward S. (1982), Analysis for Public Decisions. (2nd ed.). New
York: North Holland.
Reich, Robert (1991), "Secession of the Successful," New York
Times Magazine, January 20, 42.
Rosen, Sherwin (1997), "Austrian and Neoclassical Economics: Any Gains
From Trade?" Journal of Economic Perspectives, 11:4, 139-152.
Schmidt, Charles W. (1998), "The Specter of Sprawl," Environmental
Health Perspectives, 106:6, A274-A279.
Simon, Julian L. (1996), The Ultimate Resource 2. Princeton: Princeton
University Press.
Staley, Samuel R. and Lynn Scarlett (1998), "Market-Oriented Planning:
Principles and Tools for the 21st Century," Planning and Markets,
1(1).
Vanberg, Viktor (1994), "Hayek's Legacy and the Future of Liberal Thought:
Rational Liberalism Versus Evolutionary Agnosticism," Cato Journal,
14(2), 179-198.
Wegner, Gerhard (1997), "Economic Policy From an Evolutionary Perspective:
A New Approach," Journal of Institutional and Theoretical Economics,
153:3, 485-509.
Wolfe, Alan (1998), One Nation, After All. New York: Viking.
Yeager, Leland B. (1997), "Austrian Economics, Neoclassicism, and the
Market Test," Journal of Economic Perspectives, 11:4, 153-165.
Top | Home |