Planning Vs. Markets Is An Oxymoron

The new issue of the electronic journal asks why Planning Vs. Markets is an Oxymoron, and argues that we must ask the right question.

1 minute read

August 19, 2001, 7:00 AM PDT

By Chris Steins @planetizen


Planning vs. markets is a fallacy, based on obsolete economics. Comparing their merits is the wrong question: in theory and reality it is impossible to separate them. Transaction cost theory shows the error of the link between planning and 'public' that is behind the 'planning/market' dichotomy: there is also planning in, for, and of markets. The right question is: What governance is appropriate, from hierarchical organization and its associated planning, through various forms of modified markets, to the rare 'perfect' market that has no planning and needs none. Analysis of some Planning & Markets papers shows how this approach could improve them.

Thanks to Planning & Markets Editor

Friday, August 17, 2001 in Planning and Markets

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Use Code 25for25 at checkout for 25% off an annual plan!

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

May 7, 2025 - Diana Ionescu

Person in yellow safety suit and white helmet kneels to examine water samples outdoors on a lake shore.

USGS Water Science Centers Targeted for Closure

If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

May 1, 2025 - Inside Climate News

Wide suburban road with landscaped median and light pole banners advertising local amphitheater.

End Human Sacrifices to the Demanding Gods of Automobile Dependency and Sprawl

The U.S. has much higher traffic fatality rates than peer countries due to automobile dependency and sprawl. Better planning can reduce these human sacrifices.

April 29, 2025 - Todd Litman

Close-up of pug dog sitting on woman's lap on city bus.

Seattle Transit Asked to Clarify Pet Policy

A major dog park near a new light rail stop is prompting calls to update and clarify rules for bringing pets on Seattle-area transit systems.

May 9 - The Urbanist

Modular home being lifted with crane.

Oregon Bill Would End Bans on Manufactured Housing

The bill would prevent new developments from prohibiting mobile homes and modular housing.

May 9 - Oregon Capital Chronicle

Two people on Nashville BCycle bike share wearing helmets loking out over railing at downtown skyline.

Nashville Doesn’t Renew Bike Share Contract, Citing Lost Federal Funding

The city’s bike share system, operated by BCycle, could stop operating if the city doesn’t find a new source of funding.

May 9 - WKRN

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.