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“Market Urbanism” refers to the synthesis of classical liberal economics and ethics (market), with an appreciation of the urban way of life and its benefits to society (urbanism). We advocate for the emergence of bottom up solutions to urban issues, as opposed to ones imposed from the top down.
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“The art of doing well with one dollar, which any bungler can do with two after a fashion”

July 30, 2011 By Stephen Smith

A paragraph on what we might today call “good transit” in Railroaded:

What distinguished railroads from the natural geography through which they ran was their centrality to measures of value; they transformed everything around them. There is no such thing as a badly placed river on a mountain, although humans may wish they were located elsewhere. They are wehre they are, but engineers located railroads for human purposes. There were good locations and bad. To determine the line between “the utterly bad and the barely tolerable” in railway location, Wellington relied on a second abstract measure: the dollar. Wellington thought engineering should not be considered the art of construction but rather “the art of doing that well with one dollar, which any bungler can do with two after a fashion.” How to build a railroad was widely studied, but “the larger questions of where to build and when to buil, and whether to build them at all” had been neglected.

Hm, if only there were some process for building infrastructure that “relied on the dollar”…

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Filed Under: Uncategorized Tagged With: books

About Stephen Smith

I graduated Spring 2010 from Georgetown undergrad, with an entirely unrelated and highly regrettable major that might have made a little more sense if I actually wanted to become an international trade lawyer, but which alas seems good for little else.

I still do most of the tweeting for Market Urbanism

Stephen had previously written on urbanism at Forbes.com. Articles Profile; Reason Magazine, and Next City

  • Anonymous

    Of course, the railroad bubble pop and economic collapse of 1893 illustrates the other side of this coin…

  • Jesse276

    Considering the era that your quote is taken, it could equally apply to a housing developer 5 years ago.

  • Jesse276

    Considering the era that your quote is taken, it could equally apply to a housing developer 5 years ago.

  • Zach

    Interesting, not easy to pick the best areas, mother nature will ultimately decide if the rail will fail or not.

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