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Hayek and Town Planning: A Note on Hayek's Views towards Town Planning in The Constitution of Liberty

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  • L W C Lai

    (Department of Real Estate and Construction, University of Hong Kong, Pokfulam Road, Hong Kong, China)

Abstract

Although Hayek was unquestionably an intellectual giant who persistently condemned central economic planning as a comprehensive social system, his The Constitution of Liberty reveals that at one stage he supported the market-failure theses of social cost and public goods. Hayek's concepts on social cost, public goods, and other issues pertinent to theorization for planning intervention are discussed with reference to the works of Hayek, Popper, Nozick, Coase, Sowell, and others.

Suggested Citation

  • L W C Lai, 1999. "Hayek and Town Planning: A Note on Hayek's Views towards Town Planning in The Constitution of Liberty," Environment and Planning A, , vol. 31(9), pages 1567-1582, September.
    • Handle: RePEc:sae:envira:v:31:y:1999:i:9:p:1567-1582
    DOI: 10.1068/a311567
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    References listed on IDEAS

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    1. Coase, R H, 1974. "The Lighthouse in Economics," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 357-376, October.
    2. Samuel Brittan, 1995. "Capitalism with a Human Face," Books, Edward Elgar Publishing, number 62, December.
    3. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
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    Cited by:

    1. Lawrence W. C. Lai & Stephen N. G. Davies & Lennon H. T. Choy & K. W. Chau, 2022. "Land Planning, Property Rights and Management of Built Heritage: Some Hong Kong Observations of Colonial Military Buildings," Land, MDPI, vol. 11(9), pages 1-20, September.

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