Business Elites and Urban Development

Book excerpt: Written in a non-technical, narrative style, this book is an invaluable resource for anyone concerned with current trends in urban development. During the Reagan era, responsibility for urban planning and development was transferred from government to private business. This private sector hegemony over urban development differs markedly from the liberal policy initiatives of the 1960s and 1970s. Through a series of case studies, this book examines these shifting trends and shows that private sector efforts to revitalize America's central cities have not been uniformly successful. The contributors, who are among America's leading social scientists, utilize neo-Marxist urban theory to explain the conditions under which private initiative enhances or erodes downtown redevelopment.