Economical Flashcards
1
Q
Classical liberalism
A
- individual freedom
- no interference of the government (Invisible hand)
2
Q
Multiplier effect
A
A government shouldn’t stop spending when the economy is down.
3
Q
Welfare state
A
Government takes care of economic and social well-being
4
Q
Managerial urban governance
A
- public service provision by state
- top-down planning
- technocrats
- urban development is a state-led activity
5
Q
Entrepreneurial urban governance
A
- privatization of public services
- economic > social
- planning is flexible
- zoning rules in order to have more financial benefit
- urban development is done by more actors
- property driven
- self-responsibilization
