1975 volume 7(5) pages 497 – 508

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Oxley M J, 1975, "Economic theory and urban planning" Environment and Planning A 7(5) 497 – 508

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Economic theory and urban planning

M J Oxley

Received 31 January 1974, in revised form 15 January 1975

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.

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