Economic Development Quarterly

 

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Economic Development Quarterly, Vol. 20, No. 1, 59-74 (2006)
DOI: 10.1177/0891242405283106

Rethinking Community Economic Development

Ron Shaffer

University of Wisconsin-Madison/Extension

Steve Deller

University of Wisconsin-Madison/Extension

Dave Marcouiller

University of Wisconsin-Madison/Extension

In this article, the authors present arguments for a more interdisciplinary approach to community economic development. Building an alternative paradigm that includes six elements—resources, markets, institutions, society, decision making, and space—they rethink the framework that links economic theory to the practice of community economic development. Major attention is paid to the integration of economic and noneconomic factors in the practice of community economic development. In the end, the goal of this new paradigm is to more directly link the practice of community economic development to its solid interdisciplinary theoretical foundation.

Key Words: community development • economic development • community theory


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