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The Market as the New Emperor

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  • ANNE HAILA

Abstract

In recent years readers of urban studies journals have been regaled with articles on urban development in China. Contrary to expectations, what we read is not a multiplicity of accounts, but instead a repetition of one story: (a) the land market has emerged in China; (b) however, the market is imperfect; (c) therefore the best policy is to define property rights. It is surprising how uncritically scholars have accepted the idea that the land market has emerged, without defining the concept of the market. Perhaps even more surprising is the approval of the recommendation to define property rights, without asking what the ideology behind such a recommendation is and what social and political consequences it might have. This article will examine and criticize studies of this type. First, I will reconstruct what seems to be a new fashion in real estate and urban development studies, and then criticize its weaknesses, which are connected to the ambiguity of the concept of the market, insufficient empirical evidence, and ontological and ideological problems.

Suggested Citation

  • Anne Haila, 2007. "The Market as the New Emperor," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 31(1), pages 3-20, March.
  • Handle: RePEc:bla:ijurrs:v:31:y:2007:i:1:p:3-20
    DOI: 10.1111/j.1468-2427.2007.00703.x
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    1. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911.
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    Cited by:

    1. Jieming Zhu, 2009. "Anne Haila's ‘The Market as the New Emperor’," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 555-557, June.
    2. Anne Haila, 2008. "From Annankatu to Antinkatu: Contracts, Development Rights and Partnerships in Kamppi, Helsinki," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(4), pages 804-814, December.
    3. Li Tian, 2014. "Property Rights, Land Values and Urban Development," Books, Edward Elgar Publishing, number 15856.
    4. Zhao, Pengjun & Lu, Bin, 2010. "Exploring job accessibility in the transformation context: an institutionalist approach and its application in Beijing," Journal of Transport Geography, Elsevier, vol. 18(3), pages 393-401.
    5. Yang, Jidong & Liu, Cheng & Liu, Kai, 2023. "Land marketization and industrial restructuring in China," Land Use Policy, Elsevier, vol. 131(C).
    6. Kam Wing Chan, 2010. "The Global Financial Crisis and Migrant Workers in China: ‘There is No Future as a Labourer; Returning to the Village has No Meaning’," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(3), pages 659-677, September.
    7. Anne Haila, 2009. "Chinese Alternatives," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 572-575, June.
    8. Shenjing He & Junxi Qian, 2017. "From an emerging market to a multifaceted urban society: Urban China studies," Urban Studies, Urban Studies Journal Limited, vol. 54(4), pages 827-846, March.
    9. George C S Lin, 2021. "Drawing up the missing link: State-society relations and the remaking of urban landscapes in Chinese cities," Environment and Planning A, , vol. 53(5), pages 917-936, August.
    10. Li Tian, 2008. "The Chengzhongcun Land Market in China: Boon or Bane? — A Perspective on Property Rights," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(2), pages 282-304, June.
    11. Jiang, Ronghao & Lin, George C.S., 2021. "Placing China’s land marketization: The state, market, and the changing geography of land use in Chinese cities," Land Use Policy, Elsevier, vol. 103(C).
    12. Yuan, Feng & Wei, Yehua Dennis & Xiao, Weiye, 2019. "Land marketization, fiscal decentralization, and the dynamics of urban land prices in transitional China," Land Use Policy, Elsevier, vol. 89(C).
    13. Haoxuan Sa, 2021. "Urban Village Shareholding: Cooperative Economic Organization in Northeast China," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 665-697, March.
    14. Franklin Obeng‐Odoom, 2021. "Private Urban Land Tenure: Revisiting Anne Haila’s Work on its Nature, Critique, and Alternatives," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 291-324, March.
    15. Fei Bao & Zhenzhi Zhao, 2022. "“Takeover” and “Activation” Effects of National Strategies for Industrial Relocation—Based on the Perspective of Marketisation of Land Elements," Sustainability, MDPI, vol. 14(20), pages 1-23, October.
    16. Nicholas Blomley & Janet C. Sturgeon, 2009. "Property as Abstraction," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 564-566, June.
    17. Scott Lash, 2009. "Against Institutionalism," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(2), pages 567-571, June.
    18. Fan, Xin & Qiu, Sainan & Sun, Yukun, 2020. "Land finance dependence and urban land marketization in China: The perspective of strategic choice of local governments on land transfer," Land Use Policy, Elsevier, vol. 99(C).
    19. Jiang Xu & Anthony Yeh & Fulong Wu, 2009. "Land Commodification: New Land Development and Politics in China since the Late 1990s," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(4), pages 890-913, December.
    20. Zhao, Pengjun & Lü, Bin & Roo, Gert de, 2011. "Impact of the jobs-housing balance on urban commuting in Beijing in the transformation era," Journal of Transport Geography, Elsevier, vol. 19(1), pages 59-69.
    21. Fulong Wu, 2009. "Land Development, Inequality and Urban Villages in China," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(4), pages 885-889, December.
    22. Yiming Wang & Jie Chen, 2021. "Privatizing the Urban Commons Under Ambiguous Property Rights in China: Is Marketization a Remedy to the Tragedy of the Commons?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(2), pages 503-547, March.
    23. Andrew Haxby, 2021. "The ambiguity of price and the labor of land brokers in Kathmandu, Nepal," Economic Anthropology, Wiley Blackwell, vol. 8(2), pages 247-258, June.
    24. Lawrence W. C. Lai & Frank T. Lorne, 2019. "Sustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution," Sustainability, MDPI, vol. 11(3), pages 1-12, February.
    25. Sa, Haoxuan, 2020. "Do ambiguous property rights matter? Collective value logic in Lin Village," Land Use Policy, Elsevier, vol. 99(C).

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