(Ebook) Property and Thomas Piketty by Patrice Derrington ISBN 9780674430006, 067443000X

(Ebook) Property and Thomas Piketty by Patrice Derrington ISBN 9780674430006, 067443000X

Currently, there exists a disturbing urban problem exemplified by the excessiveluxury apartments and glamorous office towers being built in cities around theworld in the face of the increasing unaffordability of housing and low-cost work,trade or craft space. Seeking to address this complex problem, this paper proposesa theoretical framework that uniquely addresses both the capitalist economicstructure that drives the development process and the Marxist-based urban theoryby which the socio-economic outcomes are currently evaluated. This frameworktakes as its meta-theory, the approach of Thomas Piketty in his recent treatise,“Capital in the Twenty-First Century”, since he deftly employs the Marxist dialecticof labor/capital while investigating the persistent inequality in the history ofcapitalism by interrogating that system itself. This bifurcated framework ofeconomic analysis affords a new format for examining real estate returns, how theyare represented in the market place, who benefits from them, and how resultantinequalities might be avoided in urban development.JOURNAL OF CONTEMPORARY URBAN AFFAIRS (2018) 2(2), 90-105.https://doi.org/10.25034/ijcua.2018.4674