Capital Circuits, Conflicts and Strategies

Stephen L. Gruneberg and Graham J. Ive
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Stephen L. Gruneberg: University College London
Graham J. Ive: University College London

Chapter 12 in The Economics of the Modern Construction Firm, 2000, pp 270-290 from Palgrave Macmillan

Abstract: Abstract In this last chapter we continue our discussion of capital circuits by describing the capital accumulation of merchant, banking and property capitalists. We look at the different strategies adopted by these different capitalist firms. This approach provides an understanding of the underlying nature of the conflicting interests of the various participants in the production process of the built environment. This is not to say that construction is more prone to conflict than any other sector, though it would appear to be more litigious than many. We argue that construction is more prone to expressions of explicit conflicts of economic interest than many other sectors, precisely because of the complexity of its organisation, its fragmentation and thus the number of interests existing.

Keywords: Interest Rate; Real Estate; Productive Service; Unit Production Cost; Industrial Capital (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51043-2_12

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DOI: 10.1057/9780230510432_12

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