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The Dynamics of Interventionism: A Case Study of British Land Use Regulation

In: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy

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  • Mark Pennington

Abstract

Over the last century, governments throughout the established democracies have increasingly sought to regulate land markets via all manner of interventions. Such policies have typically been defended on the ‘market failure’ grounds of orthodox welfare economics. Absent government action, it is argued, price signals will not be reflective of the relevant opportunity costs, owing to the prevalence of externality and public goods problems in the market for land.

Suggested Citation

  • Mark Pennington, 2004. "The Dynamics of Interventionism: A Case Study of British Land Use Regulation," Advances in Austrian Economics, in: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy, pages 335-356, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-2134(05)08013-0
    DOI: 10.1016/S1529-2134(05)08013-0
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    Cited by:

    1. Shruti Rajagopalan, 2023. "Mises's dynamics of interventionism: Lessons from Indian agriculture," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 657-679, January.

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