180207 The Financialization of the City
Seminar Cities are back in town "The Financialization of the City"
Wednesday 7 February 2018, 5 - 7 pm, Sciences Po, LIEPP’s Conference Room, 254 boulevard Saint-Germain, 75007 Paris
In his seminal 1989 paper David Harvey argued that an entrepreneurial form had replaced the post-war managerial approach of urban governance. In recent years the literature has introduced financialization to the analysis of urban governance and urban development. Evidence of financialized urbanism to date is scattered, contested and not always well connected to other theorizations of urban development. Even when such connections are made more explicitly, it remains a question if financialized urbanism is a new phase of urban governance and development or rather a specific form of entrepreneurial urbanism. In this paper I argue that a new form of urban development is emerging in which processes of financialization play a key role. Transformations of urban development are embedded in changes at other scales in which financialization also has become one of the dominant processes. Although such changes can be contested at the urban scale, it is difficult to completely escape pressures to financialize the city.
Speaker/ Manuel B. Aalbers, Ku Leuven/University of Leuven
Manuel B. Aalbers is associate professor of Social and Economic Geography and coordinator of the Real Estate/Financial Complex research project at KU Leuven/University of Leuven (Belgium). Previously he held positions at the University of Amsterdam and Columbia University (New York) and was a guest researcher at New York University, City University New York, the University of Milan-Bicocca and at the University of Urbino (Italy).
His main research interest is in the intersection of real estate (including housing), finance and states. Manuel has published on redlining, social and financial exclusion, neighbourhood change (including decline and gentrification), the privatization of social housing and the Anglophone hegemony in academia. He is the author of Place, Exclusion, and Mortgage Markets (Wiley-Blackwell, 2011) and The Financialization of Housing (Routledge, 2016) as well as the editor of Subprime Cities: The Political Economy of Mortgage Markets (Wiley-Blackwell, 2012). He is also the associate editor of the Encyclopedia of Urban Studies (Sage, 2010) and of geography journal TESG. He is also on the board of the journals Urban Studies, Transactions of the Institute of British Geographers, Belgeo and Geografie.
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