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Title: The political in political economy : historicising the great crisis of Spanish residential capitalism
Author: Moreno Zacarés, Javier
ISNI:       0000 0004 8497 7205
Awarding Body: University of Warwick
Current Institution: University of Warwick
Date of Award: 2018
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This thesis offers a novel interpretation of the Spanish housing crash, the most extreme instance of a housing boom and bust in contemporary capitalism, developing a narrative that stresses the historical specificity of this experience. Whereas neoliberal approaches have stressed the role of political 'distortions' to an otherwise perfect market economy (e.g. corruption, profligacy, etc.), critical approaches have responded to this framing by extricating political factors from their analyses altogether: either by representing the Spanish crash as the product of an external economic imbalance, or by reducing the Spanish crisis to a generic outcome of the laws of capital accumulation. The purpose of this thesis is to reclaim the political away from neoliberal approaches in order to flesh out an alternative critical narrative of the crash. To do so, I draw from the tradition of political Marxism, an approach that stresses the historicity of political dynamics at the expense of structural laws of causation. Contra the existing literature, I argue that the Spanish experience was the result of an interplay between two historically-specific processes: (1) the layering of a particular apparatus of residential provision to address a near-perennial housing deficit, and (2) the evolution of the clientelist nexus binding together the political class and the propertied classes. The thesis demonstrates how these processes are the consequence of a long trail of sedimented political agencies that stretch back into the nineteenth century. This history is teased out in the empirical chapters of the thesis, which are structured as historical studies into different themes around the Spanish property market: the peculiarity of Spain's urban planning practices; a housing system dominated by ownership and mass speculation; a highly politicised financial system; and widespread patterns of political corruption in urban governance.
Supervisor: Not available Sponsor: Economic and Social Research Council
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: HB Economic Theory ; HD Industries. Land use. Labor ; JC Political theory