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Posts Tagged: “urban planning“
Why the Government is Not The Answer to Urban Planning
City planning is a task that is often seen as a unique realm of governmental necessity. The existence of externalities means that the market could create extremely sub optimal outcomes when creating a city. For example, a house with a messy front yard hurts everyone, but the people in this house might have little incentive […]
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Building a Better City: Why Markets Are Our Best Architect
What if the key to solving our urban crises, such as housing shortages, traffic congestion, and wealth inequality, lies not in more government intervention, but in the principles of free-market economics? Market urbanism offers a bold vision for our cities, one that harnesses competition and individual choice to create livable, thriving environments. As traditional planning […]
California’s Single-Family Zoning Exemplifies the Market-Intervention Problem
California’s government bet that they knew better than the free market. And now millions are paying the price. The story begins in 1919, when the city of Berkley, California instituted legislation setting aside districts that would only allow the construction of single-family housing. The idea spread, and soon much of California’s urban areas had adopted the zoning policy. Today, approximately 40% of the total land in Los Angeles is […]