Reconstructing Urban Economics

Neoclassical economics, the intellectual bedrock of modern capitalism, faces growing criticisms, as many of its key assumptions and policy prescriptions are systematically challenged. Yet, there remains one field of economics where these limitations continue virtually unchallenged: the study of cities and regions in built-environment economics. In this book, Franklin Obeng-Odoom draws on institutional, Georgist and Marxist economics to clearly but comprehensively show what the key issues are today in thinking about urban economics. In doing so, he demonstrates the widespread tensions and contradictions in the status quo, showing how to reconstruct urban economics in order to create a more just society and environment.

Almost two decades of research in U.S. city politics has produced a compelling empirical account of the nature of urban governance revolving around the alliance of business interests and local public officials. In Reconstructing City Politics, author David L. Imbroscio urges that urban political economy must now move forward beyond the question of "what is?" to a consideration of "what might be?" He systematically poses the possibilities for reconstructing the nature of contemporary city politics, while integrating a wealth of innovative urban analysis. To bring about this reconstruction, Imbroscio explores three comprehensive alternative urban economic development strategies--entrepreneurial mercantilism, community based economic development, and municipal enterprise. He considers whether these three strategies are likely to be effective for bringing about urban economic vitality and whether it is feasible for cities to pursue these efforts in the current political economic context. By addressing these questions, Imbroscio is able to reach conclusions about the possibilities for a successful and sustainable reconstruction of U.S. city politics. This important volume will be vital for professionals and and researchers in urban planning, urban studies, urban and regional economics, as well as urban politics.

Urban regime theory has gained a dominant position in the literature on local politics in the United States and its use in comparative cross-national research despite its cited shortcomings. In Reconstructing Urban Regime Theory, editor Mickey Lauria presents a challenging argument for the need to reconceptualize urban regime's middle-level abstraction by interpreting it through the lens of the higher-level abstraction of regulationist theory. The noted contributors to this volume propose stronger conceptual linkages between local agents and institutions, regime transformation, and the restructuring of urban space. The blend of empirical and case-study chapters provide an excellent mix of theory and practice that makes Reconstructing Urban Regime Theory well suited to a broad spectrum of upper-level undergraduate courses covering urban studies, political science, sociology, and geography as well as a rich resource for academics and researchers in these fields.

This book was first published in 1977. Urban economics is a relatively young field of economics; hardly existing except perhaps in real estate and land economics curricula-before the 1960s. Within the last few years, especially after 1 971, there has been a growth of interest in urban economic theory, strong enough even to attract the attention of general economic theorists. These new theoretical writings have been named the 'New Urban Economics'-NUE for short. The aim of this monograph is to survey and assess NUE, to evaluate its contribution to urban economics, to offer a few extensions and to say something about the future direction of the subfield.

Classic economic considerations applied to the crucial urban problems of poverty, racial segregation, urban renewal, transportation, and education. Originally published in 1968