Financialisation of Built Environments: A Literature Review
Clark, Eric LU ; Larsen, Henrik Gutzon LU and Lund Hansen, Anders LU
(2015)
In FESSUD Working Paper Series
114.
- Abstract
- This paper provides a review of research into financialisation of built environments, especially in relation to urban politics, social geographies and sustainability. Focus is limited here to the theoretical and conceptual substance of selected literature. Financialisation is conceptualised as a profoundly spatial process, forging social relations that form conditions for urban governance, social geographic change and urban sustainability. The paper frames financialisation of built environments as a process enmeshed with related processes of commodification, privatisation, neoliberalisation, and accumulation by dispossession, associated with the creation and appropriation of rent gaps. Land rent and rent gaps are highlighted as central to... (More)
- This paper provides a review of research into financialisation of built environments, especially in relation to urban politics, social geographies and sustainability. Focus is limited here to the theoretical and conceptual substance of selected literature. Financialisation is conceptualised as a profoundly spatial process, forging social relations that form conditions for urban governance, social geographic change and urban sustainability. The paper frames financialisation of built environments as a process enmeshed with related processes of commodification, privatisation, neoliberalisation, and accumulation by dispossession, associated with the creation and appropriation of rent gaps. Land rent and rent gaps are highlighted as central to understanding financialisation of built environments. We then review research into relations between financialisation of built environments and urban governance, i.e. how financialisation impacts upon, while being facilitated or deterred by, urban politics. This sets the stage for reviewing research into relations between financialisation of built environments and observed patterns of change in the social geographies of cities, and research into the sustainability implications of financialisation of built environments. Conclusions reconsider the nature of the relationship between financialisation and urbanisation, and the challenges of bringing financial systems into the service of achieving social and natural sustainability. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/06643fcc-4a87-4f95-8eea-f688f7ba30c4
- author
- Clark, Eric
LU
; Larsen, Henrik Gutzon
LU
and Lund Hansen, Anders
LU
- organization
- publishing date
- 2015-09-01
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- financialisation, built environment, urban governance, land rent, sustainability
- in
- FESSUD Working Paper Series
- volume
- 114
- pages
- 56 pages
- publisher
- FESSUD
- ISSN
- 2052-8035
- project
- 7th Framework Program, Financialisation, economy, society and sustainable development
- language
- English
- LU publication?
- yes
- additional info
- EU FP7 Research Programme Financialisation, Economy, Society and Sustainable Development (FESSUD)
- id
- 06643fcc-4a87-4f95-8eea-f688f7ba30c4
- alternative location
- https://fessud.org/wp-content/uploads/2015/03/Financilisation-of-the-built-environment-A-literature-review-working-paper-114.pdf
- date added to LUP
- 2016-05-16 12:24:18
- date last changed
- 2023-01-30 14:21:06
@misc{06643fcc-4a87-4f95-8eea-f688f7ba30c4,
abstract = {{This paper provides a review of research into financialisation of built environments, especially in relation to urban politics, social geographies and sustainability. Focus is limited here to the theoretical and conceptual substance of selected literature. Financialisation is conceptualised as a profoundly spatial process, forging social relations that form conditions for urban governance, social geographic change and urban sustainability. The paper frames financialisation of built environments as a process enmeshed with related processes of commodification, privatisation, neoliberalisation, and accumulation by dispossession, associated with the creation and appropriation of rent gaps. Land rent and rent gaps are highlighted as central to understanding financialisation of built environments. We then review research into relations between financialisation of built environments and urban governance, i.e. how financialisation impacts upon, while being facilitated or deterred by, urban politics. This sets the stage for reviewing research into relations between financialisation of built environments and observed patterns of change in the social geographies of cities, and research into the sustainability implications of financialisation of built environments. Conclusions reconsider the nature of the relationship between financialisation and urbanisation, and the challenges of bringing financial systems into the service of achieving social and natural sustainability.}},
author = {{Clark, Eric and Larsen, Henrik Gutzon and Lund Hansen, Anders}},
issn = {{2052-8035}},
keywords = {{financialisation; built environment; urban governance; land rent; sustainability}},
language = {{eng}},
month = {{09}},
note = {{Working Paper}},
publisher = {{FESSUD}},
series = {{FESSUD Working Paper Series}},
title = {{Financialisation of Built Environments: A Literature Review}},
url = {{https://fessud.org/wp-content/uploads/2015/03/Financilisation-of-the-built-environment-A-literature-review-working-paper-114.pdf}},
volume = {{114}},
year = {{2015}},
}