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Political economy

Manuel B. Aalbers

Chapter 6 in Research Handbook on Housing, the Home and Society, 2024, pp 78-94 from Edward Elgar Publishing

Abstract: ‘Political economy’ is an umbrella term used by a range of scholars, including heterodox economists, political scientists, sociologists, geographers and other social scientists. It is typically defined in opposition to mainstream or neoclassical economics and sees the economy and the state as mutually embedded and interdependent. This chapter first illustrates the difference with mainstream economics through the example of discrimination in mortgage lending. It continues to present a conceptualization of the political economy of housing by looking at the role of capital in housing as a process of circulation, a social relation, and ideology. This approach is then applied to the topic of shrinking cities. The chapter ends with a call for an open political economy approach that employs a range of qualitative and quantitative methods and is also open to be enriched by poststructuralist, Bourdieusian and other perspectives rather than being reduced to structural Marxism.

Keywords: Asian Studies; Development Studies; Economics and Finance; Geography; Politics and Public Policy Research Methods; Sociology and Social Policy; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2024
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