Citations to remember for themes :) Flashcards
(21 cards)
What does Cheshire (2013) argue about land use planning systems?
Cheshire argues that land use planning systems often create policy failures rather than correcting market failures, leading to artificial scarcity and inflated land prices.
How do greenbelt and zoning policies affect land markets according to Cheshire (2013)?
Greenbelt and zoning policies limit the elasticity of land supply, exacerbating affordability problems by restricting land availability.
What is Cheshire’s view on market failures in land markets?
Cheshire challenges the assumption that land markets are inherently prone to failure, arguing that market failures are often overstated while policy-induced distortions are underexamined.
How does Cheshire (2013) believe planning systems affect economic efficiency?
Cheshire argues that planning systems prevent land from being allocated to its most efficient use, reducing productivity and economic growth.
What reform does Cheshire (2013) advocate for land use policies?
Cheshire advocates for more market-oriented land use policies, suggesting that land markets should be allowed to function more freely with fewer regulatory constraints.
How can Cheshire’s arguments be applied to discussions on economic rent?
Cheshire’s arguments can be used to show how policy-induced scarcity inflates land values and creates economic rent for landowners.
How can Cheshire’s arguments be applied to the housing affordability crisis?
Cheshire’s critique of planning systems supports the argument that policy failures, not just market failures, are a major cause of housing unaffordability.
How can Cheshire’s arguments be applied to the structure and spatial form of cities?
Cheshire’s work can be used to argue that planning systems distort the efficient allocation of land, undermining agglomeration economies and contributing to urban sprawl or underdevelopment.
How can Cheshire’s arguments be synthesized with Ryan-Collins et al. (2017)?
Combine Cheshire’s focus on supply constraints with Ryan-Collins’ emphasis on demand-side financialisation to present a more holistic view of the housing crisis.
How can Cheshire’s arguments be contrasted with Neil Smith (1979)?
Contrast Cheshire’s market-oriented critique with Smith’s Marxist rent gap theory, which sees rent extraction as a structural feature of capitalism, not just a policy failure.
How can Cheshire’s arguments be integrated with Stratford (2022)?
Use Stratford’s distinction between ‘need’ and ‘demand’ to critique Cheshire’s assumption that market liberalisation will meet housing needs.
What is the main argument of Ward and Aalbers (2016) regarding land rent theory?
Ward and Aalbers argue that land is not the same as capital and has unique attributes as a factor of production, requiring separate theorization.
What are the three questions that a theory of rent should address according to Haila (1990)?
- How does rent emerge? 2. Who or what are its agents, and what are their behavioral patterns and mutual social relations? 3. What is the economic role of rent?
What is the difference between land rent and ground rent?
Land rent is the total rent paid for the use of land and its appurtenances, while ground rent is the rent paid for the use of the land minus that paid for the fixed capital on the land.
What is differential rent according to Ricardo?
Differential rent derives from differences in the fertility of the soil, determining the profitability of using a particular plot of land. It is a redistribution of profits based on the advantage of using more fertile land.
How did Marx reformulate the theory of differential rent?
Marx argued that differential rent is charged based on enhancements over a socially determined acceptable level of profitability of land in use, rather than being purely technical or ahistorical.
What is monopoly rent according to Marx?
Monopoly rent arises from the scarcity of a commodity, where its price is limited only by effective demand. It includes natural monopolies and absolute rent, where barriers imposed by a rentier class create rent.
What is the bid-rent function and why is it important?
The bid-rent function explains how different users bid for the use of land, determining its rent. It is crucial for understanding land markets and avoiding functionalism in rent theory.
What is the rent gap theory developed by Neil Smith?
Rent gap theory explains gentrification as the difference between the potential ground rent and the capitalized ground rent. When the rent gap widens enough, it attracts investment in redeveloping the land.
What are the limitations of neoclassical models in explaining land rent?
Neoclassical models often assume perfect competition and spatial equilibrium, ignoring the unique attributes of land and the role of monopolies and institutional factors in shaping land markets.
Why do Ward and Aalbers argue for bringing rent back into the analysis of land, cities, and capitalism?
They argue that rent is a crucial link between urban political economy and political ecology, and its neglect has led to a loss of understanding of how capital flows through land and shapes socio-spatial configurations.
