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Theoretical considerations on the land as pure financial asset and the financialization process

Author

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  • Mariana Fix
  • Leda Maria Paulani

Abstract

The present article has two goals: 1) to specify the concepts involved in the relationship between the real estate market and the financialisation of capital accumulation; and 2) to reflect more deeply on the contradictions of treating the land as a pure financial asset. In both cases, whenever possible, concrete examples will be brought to illustrate this conceptual effort. JEL Classification: B51; O18; R30.

Suggested Citation

  • Mariana Fix & Leda Maria Paulani, 2019. "Theoretical considerations on the land as pure financial asset and the financialization process," Brazilian Journal of Political Economy, Center of Political Economy, vol. 39(4), pages 638-657.
  • Handle: RePEc:ekm:repojs:v:39:y:2019:i:4:p:638-657:id:8
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/8/6
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    More about this item

    Keywords

    Real estate market; financialization; interest bearing capital; fictitious commodity; fictitious capital;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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