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Economic Theory and Urban Planning

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  • M J Oxley

    (Leicester Polytechnic, Leicester, LEI 9BH, England)

Abstract

The lack of a theoretical basis for urban planning is stressed. It is suggested that welfare economics could provide the means for analysing the problems and a framework for developing alternative courses of action. This is achieved by examining the concept of welfare optimisation, the optimality of perfect competition, and the nature of market failure.

Suggested Citation

  • M J Oxley, 1975. "Economic Theory and Urban Planning," Environment and Planning A, , vol. 7(5), pages 497-508, August.
    • Handle: RePEc:sae:envira:v:7:y:1975:i:5:p:497-508
    DOI: 10.1068/a070497
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