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The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

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The numbers game - 99

Howieson, Stirling (2007) The numbers game - 99. Scotregen, Scottish Urban Regeneration Forum, 40 (winter). p. 12.

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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.