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This book focuses on urbanization as an attendant consequence of industrialization and sheds light on urban problems such as housing shortages and poverty of jobless people, and the housing and social policies implemented by central and local governments to deal with these problems. Through this book, the volume editor and authors convey the view that urbanization transformed economy and society spatially and in quality, and caused the change of central and local administration in the process of tackling various urban problems. The book features recent academic works on economic history of the city and housing, researched from an advanced perspective of comparative history in Japan. The aim of this book is to make works by Japanese scholars accessible to a wider readership throughout the world. This edited volume includes four articles (chapters) and four book reviews originally published in Japanese and subsequently translated into English. The first chapter analyzes the characteristics of the urbanization that occurred under the land readjustment projects implemented from the Sino-Japanese War to the reforms following World War II, by focusing on the conflict between landowners and peasants in Japan. The second chapter examines the construction of urban housing following Japan’s defeat in World War II, focusing on the reconstruction of war-damaged housing from the perspective of the creation and distribution of private residential space under Japan’s postwar regulatory regime. The third chapter examines the adoption of communal unemployment insurance systems in Wilhelmine Germany, focusing on the Genter system, in which the municipalities paid subsidies to the trade unions that provided their out-of-work members with unemployment benefits. The last chapter investigates the accumulation of the mechanical engineering industry in Paris region during the period 1939–1958, focusing on the role of the subcontracting system.
Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.
The world has still to emerge fully from the housing-triggered Global Financial Crisis, but housing crises are not new. The history of housing shows long-run social progress, littered with major disasters; nevertheless the progress is often forgotten, whilst the difficulties hit the headlines. Housing Economics provides a long-term economic perspective on macro and urban housing issues, from the Victorian era onwards. A historical perspective sheds light on modern problems and the constraints on what can be achieved; it concentrates on the key policy issues of housing supply, affordability, tenure, the distribution of migrant communities, mortgage markets and household mobility. Local case studies are interwoven with city-wide aggregate analysis. Three sets of issues are addressed: the underlying reasons for the initial establishment of residential neighbourhoods, the processes that generate growth, decline and patterns of integration/segregation, and the impact of historical development on current problems and the implications for policy.
This volume embodies a problem-driven and theoretically informed approach to bridging frontier research in urban economics and urban/regional planning. The authors focus on the interface between these two subdisciplines that have historically had an uneasy relationship. Although economists were among the early contributors to the literature on urban planning, many economists have been dismissive of a discipline whose leading scholars frequently favor regulations over market institutions, equity over efficiency, and normative prescriptions over positive analysis. Planners, meanwhile, even as they draw upon economic principles, often view the work of economists as abstract, not sensitive to institutional contexts, and communicated in a formal language spoken by few with decision making authority. Not surprisingly, papers in the leading economic journals rarely cite clearly pertinent papers in planning journals, and vice versa. Despite the historical divergence in perspectives and methods, urban economics and urban planning share an intense interest in many topic areas: the nature of cities, the prosperity of urban economies, the efficient provision of urban services, efficient systems of transportation, and the proper allocation of land between urban and environmental uses. In bridging this gap, the book highlights the best scholarship in planning and economics that address the most pressing urban problems of our day and stimulates further dialog between scholars in urban planning and urban economics.
This introductory but innovative textbook on the economics of cities is aimed at students of urban and regional policy as well as of undergraduate economics. It deals with standard topics, including automobiles, mass transit, pollution, housing, and education but it also discusses non-standard topics such as segregation, water supply, sewers, garbage, fire prevention, housing codes, homelessness, crime, illicit drugs, and economic development. Its methods of analysis are primarily verbal, geometric, and arithmetic. The author achieves coherence by showing how the analysis of various topics reinforces one another. Thus, buses can tell us something about schools and optimal tolls about land prices. Brendan O'Flaherty looks at almost everything through the lens of Pareto optimality and potential Pareto optimality--how policies affect people and their well-being, not abstract entities such as cities or the economy or growth or the environment. Such traditionalism leads to radical questions, however: Should cities have police and fire departments? Should tax preferences for home ownership be repealed? Should public schools charge for their services? O'Flaherty also gives serious consideration to such heterodox policies as pay-at-the-pump auto insurance, curb rights for buses, land taxes, marginal cost water pricing, and sidewalk zoning.
Chicago is celebrated for its rich diversity, but, even more than most US cities, it is also plagued by segregation and extreme inequality. More than ever, Chicago is a “dual city,” a condition taken for granted by many residents. In this book, Joel Rast reveals that today’s tacit acceptance of rising urban inequality is a marked departure from the past. For much of the twentieth century, a key goal for civic leaders was the total elimination of slums and blight. Yet over time, as anti-slum efforts faltered, leaders shifted the focus of their initiatives away from low-income areas and toward the upgrading of neighborhoods with greater economic promise. As misguided as postwar public housing and urban renewal programs were, they were born of a long-standing reformist impulse aimed at improving living conditions for people of all classes and colors across the city—something that can’t be said to be a true priority for many policymakers today. The Origins of the Dual City illuminates how we normalized and became resigned to living amid stark racial and economic divides.
For the first time in human history more people now live and towns and cities than in rural areas. In the wealthier countries of the world, the transition from predominantly rural to urban habitation is more or less complete. But in many parts of Africa, Asia and Latin America, urban populations are expanding rapidly. Current UN projections indicate that virtually all population growth in the world over the next 30 years will be absorbed by towns and cities in developing countries. These simple demographic facts have profound implications for those concerned with understanding and addressing the pressing global development challenges of reducing poverty, promoting economic growth, improving human security and confronting environmental change. This revised and expanded second edition of Cities and Development explores the dynamic relationship between urbanism and development from a global perspective. The book surveys a wide range of topics, including: the historical origins of world urbanization; the role cities play in the process of economic development; the nature of urban poverty and the challenge of promoting sustainable livelihoods; the complexities of managing urban land, housing, infrastructure and urban services; and the spectres of endemic crime, conflict and violence in urban areas. This updated volume also contains two entirely new chapters: one that examines the links between urbanisation and environmental change, and a second that focuses on urban governance and politics. Adopting a multidisciplinary perspective, the book critically engages with debates in urban studies, geography and international development studies. Each chapter includes supplements in the form of case studies, chapter summaries, questions for discussion and suggested further readings. The book is targeted at upper-level undergraduate and graduate students interested in geography, urban studies and international development studies, as well as policy makers, urban planners and development practitioners.
Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.
The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates.
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.