Markets, Alain Bertaud likes to say, are like gravity: they exist everywhere. But while urban planners are quite good at taking gravity into account, they tend to ignore market forces entirely in their designs, resulting in city development that too often fails to address the needs of their residents.
Converting Land into Affordable Housing Floor Space
Cities, Planning, and Order Without Design
Cities Without Land Markets – Location and Land Use in the Socialist City
Real LexEcon 