The Political Economy of Land: Rent, Financialization and Resistance

The importance of real estate development to cities' growth and development has been explored in recent years, with a focus on the financialization of land and the globalization of property ownership. This edited volume brings together original investigations on three broad themes: the assetization of land and buildings, the relationship of land rent to valuation and speculation, and the different ways in which land functions as a social relation. The book includes cases from Finland, India, Spain, Singapore, Hong Kong, Japan, Italy, China, and the United States and is a celebration of the Finnish scholar Anne Haila, who was a major contributor to this literature.

Format: Hardback
Length: 252 pages
Publication date: 30 November 2022
Publisher: Taylor & Francis Ltd

The significance of real estate development in fostering the growth and progress of cities has garnered increasing attention in recent years. This has encompassed both theoretical exploration, delving into subjects such as land rent and property rights, as well as empirical investigations into property investments, assetization, securitization, and the impact of fluctuating property values on economic growth and the global standing of cities. Within the realm of urban political economy, a significant focus has been directed toward the financialization of land and the built environment, as well as the globalization of property ownership, real estate development, and architectural design. This edited volume presents a compilation of original research on three overarching themes: the assetization of land and buildings, the interplay between land rent and valuation and speculation in the markets for private and public properties, and the diverse roles that land plays as a social relation. To provide a robust foundation for the discussion, each chapter integrates a theoretical framework with empirical evidence. Furthermore, to convey the global scope of these phenomena, the book incorporates cases from Finland, India, Spain, Singapore, Hong Kong, Japan, Italy, China, and the United States.

While the primary objective of this book is to solidify and expand the political economy of land, it also serves as a tribute to the Finnish scholar Anne Haila, who made substantial contributions to this field, particularly to the work of the book's authors. Regrettably, she passed away unexpectedly in 2019. However, this book, in part, represents a public acknowledgment of her invaluable contributions.

Weight: 650g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032248196