An alternative model would be the “islands of conscious power in [the] ocean of unconscious co-operation”
, a definition the Nobel-winning economist Ronald Coase
gave to private firms. Like firms, private cities operate in a free market, competing with one another for residents. The beauty of a private city is that the goal of the developer — to make a profit — is aligned with the goal of a common resident: to live in a safe, comfortable, and prosperous community.
In my research, I analyse real-life examples of private cities from Honduras to India, looking for economic and legal conditions that make them possible, desirable, and profitable.