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

Vol. 39 No. 4 (2019)

Oct-Dec / 2019
Published October 1, 2019
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Fix, Mariana, and Leda Maria Paulani. 2019. “Theoretical Considerations on the Land As Pure Financial Asset and the Financialization Process”. Brazilian Journal of Political Economy 39 (4):638-57. https://doi.org/10.1590/0101-31572019-2954.
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Theoretical considerations on the land as pure financial asset and the financialization process

Mariana Fix
Professora no Instituto de Economia da Unicamp, Campinas/SP, Brasil.
Leda Maria Paulani
Professora titular (senior) do Departamento de Economia da Faculdade de Economia e Administração da Universidade de São Paulo – FEA-USP, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 39 No. 4 (2019), Oct-Dec / 2019, Pages 638-657

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.


Keywords: Real estate market financialization interest bearing capital fictitious commodity fictitious capital