The Review of Austrian Economics, 17:2/3, 151–154, 2004. c 2004 Kluwer Academic Publishers. Manufactured in The Netherlands. Introductory Essay for a Symposium on “Urban Interventionism” SANFORD IKEDA Associate Professor of Economics, Purchase College, SUNY SAM STALEY The Buckeye Institute for Public Policy Solutions, 88 E. Broad Street, Suite 1120, Columbus, OH 3215 Although events of the past decade have signiﬁcantly undermined the intellectual case for hard-core macroeconomic planning, the idea of central planning continues to enjoy legit- imacy at the local and regional levels. Much of the intellectual energy of those critical of the unhampered market process seems to have channeled toward more piece-meal environ- mental and social-policy interventions at the level of the city and suburb, particularly in the form of “Smart Growth” initiatives and an urban-design movement often referred to as “The New Urbanism.” The relevance of the Mises-Hayek critique of central planning seems then to have been lost on academic and practicing planners. Lessons from eight decades of research into the fundamental problems underlying both thorough-going collectivism as well as the more limited forms of central planning of interventionism have been largely ignored by this group. Smart Growth and the New Urbanism Smart Growth is a
The Review of Austrian Economics – Springer Journals
Published: Oct 18, 2004
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