Cite JOURNAL ARTICLE
Ansätze zu einer Theorie eines stadtwirtschaftlichen Interventionismus
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 95 (1975), Iss. 1 : pp. 59–78
Urban development is conceived as a problem of allocating activities of individuals of firms and of public authorities in space and time. The relevance of neoclassical theory is analyzed and recommandations for an urban interventionism derived: (1) Since essential assumptions of the neoclassical model are notoriously violated in urban areas „market failures" occur. An investigation of specific situations is necessary for appropriate interventions to be drafted. (2) These are to be aimed at targets formulated as indicators (norms) by application of Hägerstrand's Time-Space-Model. A political process, however, is needed to make them "acceptable". (3) As an economic criterion for evaluating urban interventions the concept of multi-objective-analysis is recommended.