From Forbes, Can Market Urbanism Revive U.S. Cities?
This term was invented by Chicago developer Adam Hengels. Before moving to Chicago, Hengels worked as a development consultant in New York City, and experienced firsthand how the city’s byzantine construction approval process made housing there expensive. This inspired him to launch a blog in 2007 that explored how economic liberalization could make New York and other cities more livable and affordable. He called the blog Market Urbanism, using the slogan “Urbanism for Capitalists/Capitalism for Urbanists.”