This book questions the conventional wisdom in studies of local economic development that communities will invariably pursue outside investment as a way of increasing land values and creating jobs and opportunities. Meredith Ramsay demonstrates how two towns in Maryland's poorest county have routinely rejected economic development, and in a further challenge to the dominant paradigm, she shows that these rejections were "rational": Opposition to economic development was a reasonable means of protecting and achieving community values. Contrary to the market paradigm, Ramsay shows how the goals of economic policy are ultimately derived from cultural values and ways of life. By showing how the insights of cultural studies can be integrated with political economy, this book reveals the contextual character of economic rationality and, at the same time, illustrates how nonmaterial values can guide economic policymaking.
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Book Description
A comparative study of economic development policy, and its relationship with local power structures and cultural and social relations, in two Maryland towns that have rejected development.
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About the Author
Meredith Ramsay is Assistant Professor of Political Science at the University of Massachusetts, Boston.
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5.0 out of 5 stars
Best book I've read on economic and community development,
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This review is from: Community, Culture, and Economic Development (Suny Series, Democracy in American Politics) (Paperback)
Meredith Ramsay's lengthy and tenacious field research uncovered levels of southern culture that a shorter stay would not have revealed. Her sensitive questions and willingness to think outside of her classroom training yielded a masterful understanding of her subjects and their nearly intractable economic problems. Yet she wove a respect for their ways and a measure of hope for their communities into all her chapters. Ramsay's writing style is also top-notch: readily accessible to a layperson and riveting. Of all the books that were assigned in my economic development courses, Ramsay's book is the only one that I read a second time for the pure pleasure of it.
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