Pub Date : 2022-11-01Epub Date: 2022-07-27DOI: 10.1177/0308518X221116891
Nicholas Lynch
Globally, the construction, renovation, and demolition sectors are increasingly responsible for growing resource demand and structural waste, even given progress in energy efficient technologies, 'green' building design, and local planning regulations. In response, the Circular Economy has become a popular agenda in the construction, renovation, and demolition sector as it offers a new model that not only maximizes materials reuse and recovery but also reframes urban systems and the built environment in a closed-loop (cradle-to-cradle) paradigm. In particular, popular visions of the Circular Economy promote, among other actions, 'optimizing' the end-of-the-life of buildings and their materials. Deconstruction (i.e. piece-by-piece demolition) is one key optimization strategy that has received increasing, yet limited, attention by researchers. This paper traces the development of an incipient deconstruction sector in Vancouver, focusing on the possibilities and challenges of deconstruction and material recovery practices as viable strategies for a transformative Circular Economy. I investigate two related aspects: first, the emerging policy landscape surrounding green demolition, and second, the development of 'unbuilding' practices and more formal 'Deconstruction Hubs'. Overall, the paper finds that while these developments represent fundamental steps towards a more sustainable built environment, there remain a number of significant social, political and economic limitations that must be confronted if we are to meet the growing demands for more radical sustainability and 'circularity' not only in Canadian construction, renovation, and demolition sectors, but across Canadian cities and beyond.
{"title":"Unbuilding the city: Deconstruction and the circular economy in Vancouver.","authors":"Nicholas Lynch","doi":"10.1177/0308518X221116891","DOIUrl":"https://doi.org/10.1177/0308518X221116891","url":null,"abstract":"<p><p>Globally, the construction, renovation, and demolition sectors are increasingly responsible for growing resource demand and structural waste, even given progress in energy efficient technologies, 'green' building design, and local planning regulations. In response, the Circular Economy has become a popular agenda in the construction, renovation, and demolition sector as it offers a new model that not only maximizes materials reuse and recovery but also reframes urban systems and the built environment in a closed-loop (cradle-to-cradle) paradigm. In particular, popular visions of the Circular Economy promote, among other actions, 'optimizing' the end-of-the-life of buildings and their materials. Deconstruction (i.e. piece-by-piece demolition) is one key optimization strategy that has received increasing, yet limited, attention by researchers. This paper traces the development of an incipient deconstruction sector in Vancouver, focusing on the possibilities and challenges of deconstruction and material recovery practices as viable strategies for a transformative Circular Economy. I investigate two related aspects: first, the emerging policy landscape surrounding green demolition, and second, the development of 'unbuilding' practices and more formal 'Deconstruction Hubs'. Overall, the paper finds that while these developments represent fundamental steps towards a more sustainable built environment, there remain a number of significant social, political and economic limitations that must be confronted if we are to meet the growing demands for more radical sustainability and 'circularity' not only in Canadian construction, renovation, and demolition sectors, but across Canadian cities and beyond.</p>","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9511238/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"40385147","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-27DOI: 10.1177/0308518X221133114
M. Sokol
Monetary policies are not usually considered as part of the repertoire of ‘state capitalism’. However, unconventional monetary operations performed by central banks in recent years make this exclusion increasingly problematic. This paper thus explores whether recent central bank interventions should be considered manifestations of ‘new’ state capitalism. Analysis focuses on the actions of three central banks from the advanced capitalist core in the West – the US Federal Reserve, the European Central Bank and the Bank of England. By mobilising the ‘financial chains’ perspective, this paper highlights the fact that, under financialisation, contemporary central banks have assumed a pivotal role in shaping Western capitalism and its uneven geographies. Through these recent unconventional interventions, central banks have in effect become ‘creators’ or ‘generators’ of (financial) capital. As such, their role in shaping uneven economic geographies across space (well beyond their official territorial boundaries) has expanded. Spatial ramifications of central banks’ capital-generating operations could thus fit easily within the framework of ‘uneven and combined state capitalism’. The possibility of considering the unconventional operations of central banks as state capitalist could also go hand in hand with a modified definition of state capitalism. Indeed, the rubric of state capitalism could potentially be enlarged to include configurations of capitalism where the state plays a particularly strong role not only as promoter, supervisor and owner of capital but also as a ‘generator’ of capital. This capital-generating role appears to be essential for the survival of contemporary capitalism.
{"title":"Financialisation, central banks and ‘new’ state capitalism: The case of the US Federal Reserve, the European Central Bank and the Bank of England","authors":"M. Sokol","doi":"10.1177/0308518X221133114","DOIUrl":"https://doi.org/10.1177/0308518X221133114","url":null,"abstract":"Monetary policies are not usually considered as part of the repertoire of ‘state capitalism’. However, unconventional monetary operations performed by central banks in recent years make this exclusion increasingly problematic. This paper thus explores whether recent central bank interventions should be considered manifestations of ‘new’ state capitalism. Analysis focuses on the actions of three central banks from the advanced capitalist core in the West – the US Federal Reserve, the European Central Bank and the Bank of England. By mobilising the ‘financial chains’ perspective, this paper highlights the fact that, under financialisation, contemporary central banks have assumed a pivotal role in shaping Western capitalism and its uneven geographies. Through these recent unconventional interventions, central banks have in effect become ‘creators’ or ‘generators’ of (financial) capital. As such, their role in shaping uneven economic geographies across space (well beyond their official territorial boundaries) has expanded. Spatial ramifications of central banks’ capital-generating operations could thus fit easily within the framework of ‘uneven and combined state capitalism’. The possibility of considering the unconventional operations of central banks as state capitalist could also go hand in hand with a modified definition of state capitalism. Indeed, the rubric of state capitalism could potentially be enlarged to include configurations of capitalism where the state plays a particularly strong role not only as promoter, supervisor and owner of capital but also as a ‘generator’ of capital. This capital-generating role appears to be essential for the survival of contemporary capitalism.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75704453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-19DOI: 10.1177/0308518X221128302
Yannis Dafermos, Daniela Gabor, J. Michell
The era of dollar-based financial globalisation has seen a steady rise in the use of foreign exchange (FX) swaps. We provide a macrofinancial political economy perspective on the geography of FX swaps, and the spatial effects of central bank policies aimed at taming instabilities associated with the uneven geography of the dollar. First, we analyse the mechanisms and potential sources of instability involved in accessing dollars using FX swaps and repurchase agreement (repo) contracts, respectively, in both private and public (central bank) use. Second, we show that the distribution of currencies and institutions involved in trading swaps is skewed, reflecting both the dominance of the dollar as international financing currency and the uneven international distribution of dollar-denominated assets and liabilities. We document the changing composition of dollar swap users on both the long-dollar and short-dollar side and identify potential sources of macrofinancial vulnerability for dollar lenders and borrowers. The Fed's approach to global liquidity provision via both swaps and repos constitutes a spatially variegated strategy to preserve the hegemony of the US dollar. Despite its partial success in reducing instability due to cross-border financial imbalances, the Fed's uneven and hierarchical lender of last resort approach cannot sufficiently stabilise global finance to underpin a new era of macrofinancial stability.
{"title":"FX swaps, shadow banks and the global dollar footprint","authors":"Yannis Dafermos, Daniela Gabor, J. Michell","doi":"10.1177/0308518X221128302","DOIUrl":"https://doi.org/10.1177/0308518X221128302","url":null,"abstract":"The era of dollar-based financial globalisation has seen a steady rise in the use of foreign exchange (FX) swaps. We provide a macrofinancial political economy perspective on the geography of FX swaps, and the spatial effects of central bank policies aimed at taming instabilities associated with the uneven geography of the dollar. First, we analyse the mechanisms and potential sources of instability involved in accessing dollars using FX swaps and repurchase agreement (repo) contracts, respectively, in both private and public (central bank) use. Second, we show that the distribution of currencies and institutions involved in trading swaps is skewed, reflecting both the dominance of the dollar as international financing currency and the uneven international distribution of dollar-denominated assets and liabilities. We document the changing composition of dollar swap users on both the long-dollar and short-dollar side and identify potential sources of macrofinancial vulnerability for dollar lenders and borrowers. The Fed's approach to global liquidity provision via both swaps and repos constitutes a spatially variegated strategy to preserve the hegemony of the US dollar. Despite its partial success in reducing instability due to cross-border financial imbalances, the Fed's uneven and hierarchical lender of last resort approach cannot sufficiently stabilise global finance to underpin a new era of macrofinancial stability.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90205766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-19DOI: 10.1177/0308518X221131322
Thomas F. Purcell, Callum Ward
This paper contextualises the political economy of land value capture (LVC) within the shift to an increasingly financialised, rentier-dominated capitalism. Contributing to an emerging dialogue between social constructivist planning literature on performativity in LVC and the critical political economy literature on rents and rentiership, we overview Salford's planning policy trajectory in recent decades in order to highlight how the UK planning system has increasingly been reconfigured as a mechanism to increase land values. In doing so, we explore both Salford's shift to neoliberal planning and its municipal socialist counter-turn in recent years, reflecting on how the centrality of LVC to the latter still leaves it dependent on rentier logics. In doing so, we locate these policy conjunctures within the governance dynamics of Britain's transformation into a rentier economy; wherein the stimulation, disbursement and capture of land values have become central objects of spatio-economic policy.
{"title":"The political economy of land value capture in the UK: Rent and viability in Salford’s new municipalist turn","authors":"Thomas F. Purcell, Callum Ward","doi":"10.1177/0308518X221131322","DOIUrl":"https://doi.org/10.1177/0308518X221131322","url":null,"abstract":"This paper contextualises the political economy of land value capture (LVC) within the shift to an increasingly financialised, rentier-dominated capitalism. Contributing to an emerging dialogue between social constructivist planning literature on performativity in LVC and the critical political economy literature on rents and rentiership, we overview Salford's planning policy trajectory in recent decades in order to highlight how the UK planning system has increasingly been reconfigured as a mechanism to increase land values. In doing so, we explore both Salford's shift to neoliberal planning and its municipal socialist counter-turn in recent years, reflecting on how the centrality of LVC to the latter still leaves it dependent on rentier logics. In doing so, we locate these policy conjunctures within the governance dynamics of Britain's transformation into a rentier economy; wherein the stimulation, disbursement and capture of land values have become central objects of spatio-economic policy.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74011882","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-19DOI: 10.1177/0308518X221128305
D. Hall
Claims about ‘the commodification of everything’ are a staple of 21st century left (and some liberal) analysis and critique. These claims, however, are asserted much more often than they are backed up, and little attention has been devoted to thinking through how they might be substantiated or to what ‘the commodification of everything’ actually means. This paper contributes to contemporary debates over capitalism, commodification and politics by suggesting ways that commodification-of-everything arguments can be better specified and evaluated. It identifies four variants of commodification-of-everything claims; reviews and critiques the literature's uses of the terms ‘commodity’, ‘everything’ and ‘thing’; and articulates three possible definitions of ‘the commodification of everything’ that raise additional questions about defining ‘sale’ and ‘market’ and the implications of thinking of things as commodities. The conclusion suggests reframings of the relationship between capitalism and commodification that seek to preserve the force of commodification-of-everything claims while avoiding their pitfalls.
{"title":"‘Commodification of everything’ arguments in the social sciences: Variants, specification, evaluation, critique","authors":"D. Hall","doi":"10.1177/0308518X221128305","DOIUrl":"https://doi.org/10.1177/0308518X221128305","url":null,"abstract":"Claims about ‘the commodification of everything’ are a staple of 21st century left (and some liberal) analysis and critique. These claims, however, are asserted much more often than they are backed up, and little attention has been devoted to thinking through how they might be substantiated or to what ‘the commodification of everything’ actually means. This paper contributes to contemporary debates over capitalism, commodification and politics by suggesting ways that commodification-of-everything arguments can be better specified and evaluated. It identifies four variants of commodification-of-everything claims; reviews and critiques the literature's uses of the terms ‘commodity’, ‘everything’ and ‘thing’; and articulates three possible definitions of ‘the commodification of everything’ that raise additional questions about defining ‘sale’ and ‘market’ and the implications of thinking of things as commodities. The conclusion suggests reframings of the relationship between capitalism and commodification that seek to preserve the force of commodification-of-everything claims while avoiding their pitfalls.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84868663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-13DOI: 10.1177/0308518X221126522
T. Wainwright
The structure of the UK's private rental sector (PRS) is being disrupted by a new series of rental proptech platforms (RPPs). These start-ups are adopting technologies including artificial intelligence and algorithms which draw upon ever broader datasets to automate and mediate the relationships between tenants and landlords. Only recently have researchers turned to examine new RPPs, which are challenging existing processes within the PRS, through their attempts to digitise all aspects of renting, from a tenant's initial search and application, to end-contract management. This paper seeks to provide two contributions: first, to uncover how platform entrepreneur views of ‘ideal’ tenants shape the algorithms and scripts that run within their start-ups, and how they shift to accommodate the demands of external venture capital funding. Second, it seeks to examine how landlords are falling under the gaze of technological surveillance and automated judgements, as well as tenants, to illustrate how fragmented and uneven data topologies create inequalities through automated ordering and judgements.
{"title":"Rental proptech platforms: Changing landlord and tenant power relations in the UK private rental sector?","authors":"T. Wainwright","doi":"10.1177/0308518X221126522","DOIUrl":"https://doi.org/10.1177/0308518X221126522","url":null,"abstract":"The structure of the UK's private rental sector (PRS) is being disrupted by a new series of rental proptech platforms (RPPs). These start-ups are adopting technologies including artificial intelligence and algorithms which draw upon ever broader datasets to automate and mediate the relationships between tenants and landlords. Only recently have researchers turned to examine new RPPs, which are challenging existing processes within the PRS, through their attempts to digitise all aspects of renting, from a tenant's initial search and application, to end-contract management. This paper seeks to provide two contributions: first, to uncover how platform entrepreneur views of ‘ideal’ tenants shape the algorithms and scripts that run within their start-ups, and how they shift to accommodate the demands of external venture capital funding. Second, it seeks to examine how landlords are falling under the gaze of technological surveillance and automated judgements, as well as tenants, to illustrate how fragmented and uneven data topologies create inequalities through automated ordering and judgements.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81506694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-09DOI: 10.1177/0308518X221130079
Anthony W. Persaud, Jonaki Bhattacharyya, R. Ross
This paper uses the example of First Nations housing in British Columbia to explore how culturally legitimate community economies are being advanced to overcome the deficiencies of top-down, state-led housing efforts and market relations. Through the lens of the diverse economy, we highlight how First Nations community institutions can and do serve to oversee the utilization of territorial forest resources for the production and distribution of housing materials locally. The findings point towards First Nations communities navigating (often in latent ways) complex sites of decision-making through: ethical negotiations related to (de)commoditization; needs and surplus evaluation; and transactions and rules of (in) commensurability. While these examples appear to challenge the conventional logics of capitalist-market institutions, First Nations communities also must contend with the many structural barricades to change that exist within the settler-colonial institutional framework.
{"title":"(Re)building first Nations community economies: From forest to frame","authors":"Anthony W. Persaud, Jonaki Bhattacharyya, R. Ross","doi":"10.1177/0308518X221130079","DOIUrl":"https://doi.org/10.1177/0308518X221130079","url":null,"abstract":"This paper uses the example of First Nations housing in British Columbia to explore how culturally legitimate community economies are being advanced to overcome the deficiencies of top-down, state-led housing efforts and market relations. Through the lens of the diverse economy, we highlight how First Nations community institutions can and do serve to oversee the utilization of territorial forest resources for the production and distribution of housing materials locally. The findings point towards First Nations communities navigating (often in latent ways) complex sites of decision-making through: ethical negotiations related to (de)commoditization; needs and surplus evaluation; and transactions and rules of (in) commensurability. While these examples appear to challenge the conventional logics of capitalist-market institutions, First Nations communities also must contend with the many structural barricades to change that exist within the settler-colonial institutional framework.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78702765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-09DOI: 10.1177/0308518X221130081
Mengzhu Zhang
This study investigates the emerging variegated school and education regimes (SERs) in urban China during the political–economic restructuring in the 2010s. Criticising the existing literature for pursuing a national-scale, ideal and static embeddedness of SER in stylised territorial capitalism, this study develops an inter-scale analytical framework foregrounding urban political economy to link the SER restructuring, local socio-spatial transformation and changing political economy in the real world. This framework is based on variegated capitalism approach and multi-spatial meta-governance thesis with a focus on the extended and spatial function of SER at the urban scale. We substantiate the framework by investigating the three SERs in three Chinese cities. Attention is paid to how the municipality uses a specific SER to facilitate a specific local socio-spatial transformation, and how these actions stem from the new local entrepreneurial strategies that are induced by the changing national accumulation strategy. This study provides a new perspective to understand the recent and drastic socio-spatial transformation in Chinese cities, and shifts the research concern on the multi-level, variegated and dynamic embeddedness of SER restructuring in the geographical process of changing political economy.
{"title":"School regime restructuring in Western China: From archetypal to multi-scale and variegated political–economic embeddedness","authors":"Mengzhu Zhang","doi":"10.1177/0308518X221130081","DOIUrl":"https://doi.org/10.1177/0308518X221130081","url":null,"abstract":"This study investigates the emerging variegated school and education regimes (SERs) in urban China during the political–economic restructuring in the 2010s. Criticising the existing literature for pursuing a national-scale, ideal and static embeddedness of SER in stylised territorial capitalism, this study develops an inter-scale analytical framework foregrounding urban political economy to link the SER restructuring, local socio-spatial transformation and changing political economy in the real world. This framework is based on variegated capitalism approach and multi-spatial meta-governance thesis with a focus on the extended and spatial function of SER at the urban scale. We substantiate the framework by investigating the three SERs in three Chinese cities. Attention is paid to how the municipality uses a specific SER to facilitate a specific local socio-spatial transformation, and how these actions stem from the new local entrepreneurial strategies that are induced by the changing national accumulation strategy. This study provides a new perspective to understand the recent and drastic socio-spatial transformation in Chinese cities, and shifts the research concern on the multi-level, variegated and dynamic embeddedness of SER restructuring in the geographical process of changing political economy.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87488623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-05DOI: 10.1177/0308518x221128588
Mi Shih, Y. Chiang
This article examines and makes explicit the co-constitutive relationship between density techniques, their depoliticization effects, and heightened land commodification in Taiwan's acceleration to a real estate–oriented economy. TDR (transfer of development rights) and density bonusing are two almost omnipresent practices in urban land development in Taiwan. We ask how their technocratic approach—using predetermined formulas to bracket density use while almost entirely foreclosing community negotiation—has played a formative role in accelerating land commodification. Using mixed research methods, the case study of Central North in New Taipei City helps lay bare how formulaic density rules enable planners to embed their epistemic assumptions about what constitutes a good city within intensified property development. Mimicking the calculative practices performed by the real estate sector, we use residual valuation methods to estimate the maximum price-lifting effects of 18 real estate development projects. We show that formulaic rules allow density to enter cost–benefit analysis spreadsheets as a profit booster in advance of actual granting of extra density, emboldening aggressive land brokering, buying, and selling, which churn up land prices. We argue that the technical depoliticization generated by TDR and density bonusing has become the most effective catalyst in creating a politically less contested and financially more calculable urban world in which capital's acquisitive appetite for land's monetary value is intensified. We conclude by discussing the implications for how to move density from a domain of technical rules and real estate finance to a politics of land.
{"title":"A politically less contested and financially more calculable urban future: Density techniques and heightened land commodification in Taiwan","authors":"Mi Shih, Y. Chiang","doi":"10.1177/0308518x221128588","DOIUrl":"https://doi.org/10.1177/0308518x221128588","url":null,"abstract":"This article examines and makes explicit the co-constitutive relationship between density techniques, their depoliticization effects, and heightened land commodification in Taiwan's acceleration to a real estate–oriented economy. TDR (transfer of development rights) and density bonusing are two almost omnipresent practices in urban land development in Taiwan. We ask how their technocratic approach—using predetermined formulas to bracket density use while almost entirely foreclosing community negotiation—has played a formative role in accelerating land commodification. Using mixed research methods, the case study of Central North in New Taipei City helps lay bare how formulaic density rules enable planners to embed their epistemic assumptions about what constitutes a good city within intensified property development. Mimicking the calculative practices performed by the real estate sector, we use residual valuation methods to estimate the maximum price-lifting effects of 18 real estate development projects. We show that formulaic rules allow density to enter cost–benefit analysis spreadsheets as a profit booster in advance of actual granting of extra density, emboldening aggressive land brokering, buying, and selling, which churn up land prices. We argue that the technical depoliticization generated by TDR and density bonusing has become the most effective catalyst in creating a politically less contested and financially more calculable urban world in which capital's acquisitive appetite for land's monetary value is intensified. We conclude by discussing the implications for how to move density from a domain of technical rules and real estate finance to a politics of land.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79817304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-02DOI: 10.1177/0308518X221128309
T. Haisch, Max-Peter Menzel
We investigate trade fairs as markets. We combine literature on temporary clusters and that on the geography of markets and describe how the particular knowledge ecologies at trade fairs are enhanced by market devices. Our framework distinguishes the following three kinds of market devices: physical arrangements, judgement devices and prosthetic prices. Using this framework, we compare market constructions before, during and after three fairs for contemporary art in Basel. Our study presents the following findings. Firstly, the limited time and space at trade fairs lead to a proliferation of market devices. Secondly, different equipment with market devices leads to a hierarchy of fairs. Thirdly, trade fairs at the top of this hierarchy generate market devices for other temporary markets and thus contribute to the development of a uniform global market.
{"title":"Temporary markets: Market devices and processes of valuation at three Basel art fairs","authors":"T. Haisch, Max-Peter Menzel","doi":"10.1177/0308518X221128309","DOIUrl":"https://doi.org/10.1177/0308518X221128309","url":null,"abstract":"We investigate trade fairs as markets. We combine literature on temporary clusters and that on the geography of markets and describe how the particular knowledge ecologies at trade fairs are enhanced by market devices. Our framework distinguishes the following three kinds of market devices: physical arrangements, judgement devices and prosthetic prices. Using this framework, we compare market constructions before, during and after three fairs for contemporary art in Basel. Our study presents the following findings. Firstly, the limited time and space at trade fairs lead to a proliferation of market devices. Secondly, different equipment with market devices leads to a hierarchy of fairs. Thirdly, trade fairs at the top of this hierarchy generate market devices for other temporary markets and thus contribute to the development of a uniform global market.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72714116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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