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

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.

KEYWORDS:
Real estate market; financialization; interest bearing capital; fictitious commodity; fictitious capital

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