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.