Value-Rent-Finance

Authors: Thomas Purcell*, Leeds Beckett University, Alex Loftus, Kings College London, Hug March, Open University of Catalunya
Topics: Economic Geography, Development
Keywords: Rentiership, Financialization, Rent, Value, Water, Urban Infrastructure
Session Type: Paper
Day: 4/5/2019
Start / End Time: 8:00 AM / 9:40 AM
Room: 8201, Park Tower Suites, Marriott, Lobby Level
Presentation File: No File Uploaded


In this paper we respond to Christophers’ invitation to risk value theory in order “to render it appropriate to the task of comprehending a capitalism that is both nature- and finance-saturated” (2018: 347). Rendering value theory appropriate to this task requires not simply a conversation between work on value theory and work on financialisation, it necessitates an understanding of the internal relations with a third moment, that of rent. We therefore develop a triadic understanding of these three interrelated moments, synthesising substantial bodies of literature on each, before mobilizing them in an analysis of the financialisation of water infrastructure. The paper, therefore, concludes with a critical review of the literature on the financialisation of water in London, showing how the conceptual framework we develop enables both new understandings and strategic entry points for contesting the real subsumption of the household to processes of financialisation.  

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