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Locked In and Locked Out Benjamin F. Bobo

Locked In and Locked Out By Benjamin F. Bobo

Locked In and Locked Out by Benjamin F. Bobo


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Summary

A consideration of the locking effect of urban land use policies on African Americans. Arguing that the locking effect leads to the disenfranchisement of African Americans, the author shows how wealth is channelled to the dominant group and African Americans' life choices are denuded.

Locked In and Locked Out Summary

Locked In and Locked Out: The Impact of Urban Land Use Policy and Market Forces on African Americans by Benjamin F. Bobo

African Americans have suffered intensely at the hands of America's dominant group, but the roles played by urban planning, land use policy, and the free market are not well known. Presenting a new conceptual approach, this book considers their locking effect on African Americans, showing, for instance, that one-acre zoning and similar policies in upscale neighborhoods lock African Americans out while market mechanisms in decaying neighborhoods lock them in. Arguing that the locking effect leads to the disenfranchisement of African Americans, Bobo shows how wealth is channeled to the dominant group and African Americans' life choices are denuded, creating a volatile situation.

Although classical economic theory holds that a free market allocates scarce resources in the best interest of society, in reality market mechanisms do not work to the advantage of African Americans. Nor does public regulation of land use operate in their interest, although public policy is presumed to produce equitable and favorable outcomes for all members of society. This book explores how a combination of government regulation of land use and free market forces have created the locking effect, which has cultivated and sustained a process of disenfranchisement of African Americans.

About Benjamin F. Bobo

BENJAMIN F. BOBO is Professor of Finance in the College of Business Administration at Loyola Marymount University in Los Angeles./e His research focuses on life-choice problems of the economically disadvantaged. He has conducted research in the U.S. and abroad and is the author of numerous articles.

Table of Contents

Preface Introduction: The Road to Conflict Market Zoning: The Free Market and the Locking Effect Public Zoning: Exacerbating the Locking Effect Lot Size and the Locking Effect: Empirical Evidence Lender Apathy: De Facto Land Use Control Rent Control: Between a Rock and a Hard Place By-Products of Land Use Control: The Long Arm of the Locking Effect Financial Implication of the Locking Effect Disenfranchized and Grieving: The Precipitating Event Epilogue Bibliography

Additional information

NPB9780275967543
9780275967543
0275967549
Locked In and Locked Out: The Impact of Urban Land Use Policy and Market Forces on African Americans by Benjamin F. Bobo
New
Hardback
Bloomsbury Publishing Plc
2001-09-30
168
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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