The wider context of austerity urbanism

William K. Tabb

City, 2014, vol. 18, issue 2, 87-100

Abstract: Austerity urbanism is part of a larger neoliberal project in which the debt relation is both an important tool of redistributive growth and central to understanding the contemporary social structure of accumulation that generates financial bubbles and collapse. The financialization that is central to the contemporary period in Western capitalism impacts cities as part of larger phenomena that encompass not only mortgage debt but consumer and student debt in a context in which the legal system has shifted the obligations and entitlements of lenders and debtors. The pessimism that pervades an urban literature in which a 'zombie' neoliberalism inflicts endless austerity can only be countered by a wider re-embedding of market relations in a moral economy, a requirement that goes back at least to Adam Smith and has been revived and revitalized by Occupy Wall Street and related movements, including the Right to the City.

Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/13604813.2014.896645 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:cityxx:v:18:y:2014:i:2:p:87-100

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CCIT20

DOI: 10.1080/13604813.2014.896645

Access Statistics for this article

City is currently edited by Bob Catterall

More articles in City from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().