1st Edition

The Political Economy of Land Rent, Financialization and Resistance

Edited By Mika Hyötyläinen, Robert Beauregard Copyright 2023
264 Pages 7 B/W Illustrations
by Routledge

264 Pages 7 B/W Illustrations
by Routledge

264 Pages 7 B/W Illustrations
by Routledge

Recent years have seen a gathering interest in the importance of real estate development to the growth and development of cities. This has included theoretical work on such topics as land rent and property rights as well as empirical studies on property investments, assetization, securitization, and the effects of changing property values on economic growth and the global status of cities. In the... Read more

Introduction: The Political Economy of Land

Mika Hyötyläinen and Robert Beauregard

Part I: The Assetization of Land and Buildings

1. Land as a Financial Asset: The Theory of Urban Rent as a Mirror of Economic Transformation

Anne Haila

2. Land as an Asset

Erik Swyngedouw and Callum Ward

3. Buildings as Financial Assets

Renee Tapp and Rachel Weber

Part II: Rent, Real Estate, and Property Markets

4. The Risk Myth: Blackstone, Housing and Rentier Capitalism

Brett Christophers

5. The Political Economy of Abandoned Property: Structure and Agency in Land Banking Practice in Muncie, Indiana

John West

6. The Political Economy of Italian Public Real Estate Privatization: Austerity, Financialization and the "Enrichment Economy"

Félix Adisson

7. The Singapore and Hong Kong Property Markets: Lessons for the West from Successful Global Cities

Anne Haila

Part III: Land and Social Relations

8. Land Relations in Turmoil: Trans-Local Constructions of Home Among Rural Migrants to Xiamen, China

Haoxuan Sa and Jani Vuolteenaho

9. Bridging Between Owners and Users in Japan’s Private Property Regime: The Case of Farmland Banking

Maiko Nishi

10. Unauthorized Neighborhoods, Land Rent, and Working-Class Struggles in Indian Cities: The Slum Question Revisited

Sai Balakrishnan

11. Public Land as a Social Relation: The Case of East River Park in New York City

Robert Beauregard

12. Land Rent and the Struggle for the Urban Commons in Helsinki’s Suvilahti DIY Skatepark

Mika Hyötyläinen

Conclusion: A Summary from the Perspective of Rent Theory

Mika Hyötyläinen

Biography

Mika Hyötyläinen is a Postdoctoral Researcher at the Institute for Housing and Urban Research, Uppsala University. His research concerns urban inequality, housing precarity, Nordic land and housing policies, and transformations in public real estate policy. He received his doctorate in 2019 from the University of Helsinki. He has published in journals such as Acme, Critical Social Policy, Geoforum, and the International Journal of Urban and Regional Research.

Robert Beauregard is a Professor Emeritus at Columbia University where he taught in the Graduate School of Architecture, Planning, and Preservation. His most recent, authored books are Cities in the Urban Age: A Dissent (Chicago, 2018), Planning Matter: Acting with Things (Chicago, 2015), and Advanced Introduction to Planning Theory (Edward Elgar, 2020). He also co-edited Regulation and Planning (Routledge, 2021) and Planning for a Material World (Routledge, 2016).