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Terms and conditions applyPlanning and the Political Market:: Public Choice and the Politics of Failure
Mark Pennington
Product details
Format: Book
Pages: 256
Publisher: The Athlone Press
Date Published: Feb 2001
Stock Code: 21887
Binding: Paperback
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Description
Land use planning is now seen as an essential component of environmental protection in an advanced industrial age. Against this tide of contemporary opinion, Dr Mark Pennington argues that the enthusiasm for planning is severely misplaced.
The book begins by outlining the industrial focus of public choice theory examining the central questions of market failure, goverment failure and the theoretical case for goverment intervention in the environmental sphere.
Having outlined the principal impacts of planning in Britain and elswhere, the subsequent chapters examine the institutional structures that have produced these policy outcomes.
The analysis suggests that institutional incentives within the 'political market' have fequently led to policies that reflect the power of special interest groups and public sector bureaucrats to the neglect of the community as a whole. In order to minimise these institutional failings, Dr Pennington controversially argues for a private property rights market alternative to statutory land use planning.
The book begins by outlining the industrial focus of public choice theory examining the central questions of market failure, goverment failure and the theoretical case for goverment intervention in the environmental sphere.
Having outlined the principal impacts of planning in Britain and elswhere, the subsequent chapters examine the institutional structures that have produced these policy outcomes.
The analysis suggests that institutional incentives within the 'political market' have fequently led to policies that reflect the power of special interest groups and public sector bureaucrats to the neglect of the community as a whole. In order to minimise these institutional failings, Dr Pennington controversially argues for a private property rights market alternative to statutory land use planning.
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