Abstract
Political economy was invented to interpret and regulate the new economic techniques necessary for bringing about the industrial revolution and preserving the wealth of the nation. As an urban society, we now need to invent a social economy as a basis for bringing about a humanistic revolution and restoring the quality of urban living. In this article Mr Gappert argues that, for the formulation of sound urban policies, more attention needs to be given to participation, diversity, investment of social resources in support of parallel alternative systems, and less to indicators, predictability and social control.
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