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Using Jane Jacobs and Henry George to Tame Gentrification
Author(s) -
Combs Jason Leslie
Publication year - 2015
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/ajes.12105
Subject(s) - gentrification , george (robot) , sociology , diversity (politics) , displacement (psychology) , economics , supply and demand , economic geography , neoclassical economics , microeconomics , history , economic growth , anthropology , art history , psychoanalysis , psychology
The solutions that Jane Jacobs proposed to improve neighborhoods created a paradoxical problem: improvement increased demand for the amenities of the area, which caused land prices to rise. The net result was at least partial displacement of the old residents of the neighborhood with new ones. Jane Jacobs has been criticized for ignoring gentrification, but she was clearly aware of this process and tried to find means to counter it. By combining the ideas of Henry George about land taxation with the ideals of Jane Jacobs about neighborhood diversity, we can mitigate the negative effects of gentrification and direct the energy of market forces into producing a greater supply of desirable neighborhoods.