LitArk » Books » Politics

Lisa Adkins - The Asset Economy: Property Ownership and the New Logic of Inequality

Here you can read online Lisa Adkins - The Asset Economy: Property Ownership and the New Logic of Inequality full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. year: 2020, publisher: Polity Press, genre: Politics. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

Romance novel Science fiction Adventure Detective Science History Home and family Prose Art Politics Computer Non-fiction Religion Business Children Humor

Choose a favorite category and find really read worthwhile books. Enjoy immersion in the world of imagination, feel the emotions of the characters or learn something new for yourself, make an fascinating discovery.

Book:
The Asset Economy: Property Ownership and the New Logic of Inequality
Author:
Lisa Adkins / Melinda Cooper / Martijn Konings
Publisher:
Polity Press
Genre:
Books / Politics
Year:
2020
Rating:
4 / 5
Favourites:
Add to favourites
Your mark:
- 80
- 1
- 2
- 3
- 4
- 5

Description
Author's other books
Similar books

The Asset Economy: Property Ownership and the New Logic of Inequality: summary, description and annotation

We offer to read an annotation, description, summary or preface (depends on what the author of the book "The Asset Economy: Property Ownership and the New Logic of Inequality" wrote himself). If you haven't found the necessary information about the book — write in the comments, we will try to find it.

Rising inequality is the defining feature of our age. With the lions share of wealth growth going to the top, for a growing percentage of society a middle-class existence is out of reach. What exactly are the economic shifts that have driven the social transformations taking place in Anglo-capitalist societies? In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood - including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the millennial generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar asset-supporting measures, we appear to have entered an era of policy lock-in that is responsible for a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies many of the volatile dynamics and rapidly shifting alliances that dominate todays headlines.

Lisa Adkins: author's other books

Who wrote The Asset Economy: Property Ownership and the New Logic of Inequality? Find out the surname, the name of the author of the book and a list of all author's works by series.

The Asset Economy: Property Ownership and the New Logic of Inequality — read online for free the complete book (whole text) full work

Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "The Asset Economy: Property Ownership and the New Logic of Inequality" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.

Light

Font size:

↓

↑

Reset

Interval:

↓

↑

Bookmark:

Make

Contents

Title page
Copyright page
Preface
Introduction
1. Plan of the book
Asset Logics
1. From commodity logics to asset logics
2. Minskyan households
3. The centrality of housing
4. Governing the asset economy
The Making of the Asset Economy
1. Price inflation and asset deflation in the 1970s
2. Shifts in the tax and financial regime
3. Asset democratization and its contradictions
New Class Realities
1. Lineages of class theory
2. Class and generation
3. Asset-driven lifetimes
Conclusion
References
Index
End User License Agreement

The right of Lisa Adkins, Melinda Cooper and Martijn Konings to be identified as Authors of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.

First published in 2020 by Polity Press

Polity Press

65 Bridge Street

Cambridge CB2 1UR, UK

Polity Press

101 Station Landing

Suite 300

Medford, MA 02155, USA

All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher.

ISBN-13: 978-1-5095-4345-8

ISBN-13: 978-1-5095-4346-5 (pb)

A catalogue record for this book is available from the British Library.

Library of Congress Cataloging-in-Publication Data

Names: Adkins, Lisa, 1966- author. | Konings, Martijn, 1975- author. | Cooper, Melinda, author.

Title: The asset economy : property ownership and the new logic of inequality / Lisa Adkins, Martijn Konings and Melinda Cooper.

Description: Medford : Polity Press, 2020. | Includes bibliographical references and index. | Summary: How assets dictate the new class system-- Provided by publisher.

Subjects: LCSH: Home ownership--Social aspects. | Generation Y--Social conditions. | Social stratification. | Finance--Social aspects. | Time--Social aspects.

Classification: LCC HD7287.8 .A35 2020 (print) | LCC HD7287.8 (ebook) | DDC 306.3--dc23

LC record available at https://lccn.loc.gov/2020013339

LC ebook record available at https://lccn.loc.gov/2020013340

Typeset in 11 on 13 pt Sabon

by Fakenham Prepress Solutions, Fakenham, Norfolk NR21 8NL

Printed and bound in Great Britain by CPI Group (UK) Ltd, Croydon

The publisher has used its best endeavours to ensure that the URLs for external websites referred to in this book are correct and active at the time of going to press. However, the publisher has no responsibility for the websites and can make no guarantee that a site will remain live or that the content is or will remain appropriate.

Every effort has been made to trace all copyright holders, but if any have been overlooked the publisher will be pleased to include any necessary credits in any subsequent reprint or edition.

For further information on Polity, visit our website: politybooks.com

Preface

The collaboration that led to the writing of this book emerged out of the convergence of ideas from our individual work. Each of our recent books (Adkins The Time of Money, Coopers Family Values and Konings Capital and Time) emphasized the growing role that speculative, asset-centred economic logics play in contemporary society. In this book we aim to build on that work to develop a new way of thinking about class and inequality.

We are very grateful for the generous institutional support that this project has received from the Faculty of Arts and Social Sciences at the University of Sydney, in particular its FutureFix programme Asset Ownership and the New Inequality.

In what follows, we make frequent reference to the 20078 financial crisis. Since that event, the inequalities associated with asset-based wealth have become more entrenched. As this book goes to press, the world is experiencing a very different kind of emergency the Covid-19 pandemic. In numerous countries, death rates are soaring, governments have put in place stay-at-home and social distancing mandates, and millions have lost their jobs as businesses are shutting down. The crisis has also done much to draw attention to existing levels of inequality. While the wealthy are able to take refuge in holiday homes, many workers living paycheck to paycheck cannot afford to socially isolate. Somewhere in between is a middle class that, mostly able to ride out the storm by staying inside, may be counting its blessings but is at the same time increasingly aware of how precarious its security financial and otherwise really is.

Central banks have stepped up their asset purchase programmes, pushing the scale and scope of quantitative easing to new levels. The $2 trillion relief package which Trump approved at the end of March 2020, even as he was still playing down the public health aspect of the pandemic, works largely according to the logic of trickle-down economics, offering financial help to embattled firms in the hope that this will induce them to maintain employment. Other countries, including the UK and Canada, have guaranteed wages directly. Such moves have fuelled hopes for a more enduring revival of Keynesianism or even for a radical programme of progressive economic policy. But even though crises can widen the horizon of political possibility, we should not forget how in the aftermath of the 20078 crisis, the hoped-for return to Keynesianism was quickly transformed into virulent austerity politics.

The political stakes will be even higher this time. If the post-Covid-19 era sees another wave of asset inflation, and if home ownership remains the only real but less and less realistic way for ordinary people to participate in that logic, the next decade will see a continuation of the social and political polarization that has been such a defining feature of the past decade.

Introduction

At the start of 2019, The Economist coined the term millennial socialism to refer to the growth of strong, critical and left-wing sentiments in a generation that until recently was primarily known for its sense of entitlement and its obsession with social media. It noted that a large percentage of young people hold a favourable view of socialism and that [i]n the primaries in 2016 more young folk voted for Bernie Sanders than for Hillary Clinton and Donald Trump combined. The Economist acknowledged that some of these millennials may have good reasons for their political sentiments. But it immediately went on to declare that understanding this trend shouldnt lead us to justify or legitimate it socialism remains as dangerous as, according to the magazine, it always has been. It views millennial socialism as being too pessimistic and as wanting things that are politically dangerous. While voicing some qualified appreciation for millennial socialisms refreshing willingness to challenge the status quo, The Economist

Light

Font size:

↓

↑

Reset

Interval:

↓

↑

Bookmark:

Make

Similar books «The Asset Economy: Property Ownership and the New Logic of Inequality»

Look at similar books to The Asset Economy: Property Ownership and the New Logic of Inequality. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.

Frank Stilwell

The Political Economy of Inequality

Mordecai Kurz

The Market Power of Technology: Understanding the Second Gilded Age

Gallent

Whose Housing Crisis?: Assets and Homes in a Changing Economy

Louis O. Kelso

Democracy and Economic Power: Extending the ESOP Revolution Through Binary Economics

Aaron Sahr

Keystroke Capitalism: How Banks Create Money for the Few

Charles Goodhart

The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival

Conard

The Upside of Inequality

Sourajit Aiyer

The Bay of Bengal: The Next BRICS Asset Class

Edward Conard

The Upside of Inequality: How Good Intentions Undermine the Middle Class

Coontz Stephanie

Womens work, mens property : the origins of gender and class

Richard Florida

The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class—and What We Can Do About It

Stephanie Coontz

Women’s Work, Men’s Property: The Origins of Gender and Class

Reviews about «The Asset Economy: Property Ownership and the New Logic of Inequality»

Discussion, reviews of the book The Asset Economy: Property Ownership and the New Logic of Inequality and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.