The new issue of the electronic journal asks why Planning Vs. Markets is an Oxymoron, and argues that we must ask the right question.
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
Read the full story: Why Planning Vs. Markets Is An Oxymoron:
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello