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Land Speculation in Southern California: The Roles of Railroads, Trolley Lines and Autos

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  • Michael F. Sheehan

Abstract

. Southern California's transporation system was subjected to speculative manipulation from the time of the railroads, through the period of the electric interurban trolleys and the rise of the automobile up until the energy crisis of the 1970s. The dominant underlying force in each period is shown to have been combinations of developer‐speculators and local politicians. These groups, motivated by a desire for rapid development for speculative reasons, were able to exercise effective control over the provision of major infrastructural improimnents The argument is made that such control, and the developmental pattern resulting from it, can never be in the public interest.

Suggested Citation

  • Michael F. Sheehan, 1982. "Land Speculation in Southern California: The Roles of Railroads, Trolley Lines and Autos," American Journal of Economics and Sociology, Wiley Blackwell, vol. 41(2), pages 197-197, April.
    • Handle: RePEc:bla:ajecsc:v:41:y:1982:i:2:p:197-197
    DOI: 10.1111/j.1536-7150.1982.tb03173.x
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    Cited by:

    1. Kinuthia, H. & Majale, C. & Letema, S., 2021. "Influence of public policy planning on peri-urban land speculation in (Greater) Eastern Bypass in Nairobi Metropolitan," Land Use Policy, Elsevier, vol. 107(C).
    2. Linda Cohen & Amihai Glazer, 2014. "Forward Markets to Spur Innovation," Working Papers 131405, University of California-Irvine, Department of Economics.

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