Performing (Housing) Markets

Susan J. Smith · Moira Munro · Hazel Christie

179 citations0/0 files storedUrban Studies

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Housing, Finance, and Neoliberalism Housing Market and Economics Urban Planning and Governance

Abstract

This paper offers an interpretation of how housing markets work which complements more traditional economic approaches. Building on a wider movement within cultural economy and economic sociology, it considers how (housing) markets are variously performed in the power-filled negotiations of buyers, sellers and market professionals. This is part of a larger undertaking, but here the focus is particularly on the role of legal, financial and information intermediaries in shaping local cultures of property exchange. This is a social rather than economic analysis of housing markets; it is a qualitative rather than a quantitative study. It is designed to shed light on how markets are made, though it might, in the end, change the way they are modelled.

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References

1990Institutions, Institutional Change and Economic Performance 1991Institutions, Institutional Change and Economic Performance 1987The Economic Institutions of Capitalism 1986The Economic Institutions of Capitalism 1998Introduction: The Embeddedness of Economic Markets in Economics 2003Constructing a Market, Performing Theory: The Historical Sociology of a Financial Derivatives Exchange 1987The Firm, the Market, and the Law 1921Annals of the Association of American Geographers

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2006The ordinary economy: tangled up in values and geography 2005States, markets and an ethic of care 2010Geographies of money and finance I: Cultural economy, politics and place 2009On voodoo economics: theorising relations of property, value and contemporary capitalism 2010Agencement in housing markets: The case of the UK construction industry 2015The Financialization of Everyday life or the Domestication of Finance?

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