Abstract
The superstructure of any given society – in this case the
regeneration of our built environment - is determined by its
economic base; the means of production, distribution and
exchange. In an ideal free market unburdened by engineered
scarcity and knowledge imbalances, capital can respond in a
highly flexible and dynamic way to fulfill ‘market demands’.
When the price of a commodity equals the marginal cost, plus
the average rate of profit, the new breed of neo-classical
economist will claim that we have ‘efficiency’ and ‘truth’.
Enviable qualities in our world of waste and spin.
regeneration of our built environment - is determined by its
economic base; the means of production, distribution and
exchange. In an ideal free market unburdened by engineered
scarcity and knowledge imbalances, capital can respond in a
highly flexible and dynamic way to fulfill ‘market demands’.
When the price of a commodity equals the marginal cost, plus
the average rate of profit, the new breed of neo-classical
economist will claim that we have ‘efficiency’ and ‘truth’.
Enviable qualities in our world of waste and spin.
| Original language | English |
|---|---|
| Pages | 12-12 |
| Number of pages | 1 |
| Volume | 40 |
| No. | winter 07-08 |
| Specialist publication | Scotregen, Scottish Urban Regeneration Forum |
| Publication status | Published - 2007 |
Keywords
- energy consumption
- buildings
- urban regeneration
