ABSTRACT

The purpose of this book is to bring together current academic thinking on land as it has formed around a political economy perspective that treats it as a social relation deeply embedded in the workings of both finance capitalism and state policy. Even prior to the seventeenth century, the authors find the signs of real estate financial activity in feudal land regimes where land was leased and rent was paid. Capital's ability to do so is constrained by the fixity of real estate, a barrier it attempts to overcome with securitization and financialization. This book is organized into three parts, each representing a different dimension of the political economy of land. The first part focuses on the assetization of land and buildings, the second on rent, real estate, and property markets, and the third on land and its social relations.