Housing, Finance, and Neoliberalism

I discuss the impact of financialisation on real capital accumulation in the US. Using data from a sample of non-financial corporations from 1973 to 2003, I find a negative relationship between real investment and financialisation. Two channels can help explain this negative relationship: first, increased financial in…

Bravo! Some of the most incisive students of neoliberalism gather together to present a stunning indictment of the destructiveness of the already discredited right-wing economic regime. Professor Michael Perelman, California State University, Chico Across its thirty chapters, covering theoretical, empirical, policy an…

Since 2001, there has been a radical shift in the governance of urban land and housing markets in Turkey from a ‘populist’ to a ‘neo-liberal’ mode. Large ‘urban transformation projects’ (UTPs) are the main mechanisms through which a neo-liberal system is instituted in incompletely commodified urban areas. By analysing…

• ALİ TUNA KUYUCU

This article examines the theories and practices of neoliberalism across 13 aspects of (‘things you need to know about’) neoliberalism. They include the argument that neoliberalism is not reducible to a cogent ideology or a change in economic or social policies, nor is it primarily about a shift in the relationship be…

• ALFREDO ANTONİO SAAD FILHO

Abstract İstanbul has undergone a neoliberal restructuring over the past two decades. In this paper, we focus on two urban spaces that we argue to have emerged as part of this process—namely Göktürk, a gated town, and Bezirganbahçe, a public housing project. We examine these spaces as showcases of new forms of urban w…

• BİRAY KOLLUOĞLU YENAL

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• MENELAOS GKARTZIOS

This article examines the transformation of the Turkish state’s social work policy to engage recent debates in anthropology about welfare restructuring and neoliberalism. Building on ethnographic research from top to bottom, I trace welfare policy through the discourse of politicians and bureaucrats into everyday bure…

• BERNA YAZICI TEPEYURT

Abstract Informed by the debates on the transformation of welfare states in advanced industrial economies, this article evaluates the changing role of the state in welfare provision in Turkey. Turkey's welfare state has long been limited and inegalitarian. Strong family ties coupled with indirect and informal channels…

• SADİYE MİNE EDER

We observe that industrial firms in Turkey have shifted substantial amounts of working capital from production activities to the purchase of high-yield interest-bearing assets, most notably public bonds, to ensure immediate short-term interest revenues. Introducing the new and historical institutional literatures to t…

• ŞÜKRÜ ÖZEN

This article examines the relationship between a mortgage originator's affiliation with the sponsor of a securitization or the servicer of the securitized loans and the default rate on the securitized mortgages. We find that default rates are significantly lower for securitizations in which the originator is affiliate…

• CEM DEMİROĞLU

This article focuses on the political economy of Turkey in the 1990s to illustrate the importance of analysing economic variables that intersect with the quality of political democracy. In 1989, the debt‐ridden state moved to systematically and completely deregulate Turkey’s financial markets. Together with the ongoin…

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