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Matthias Bernt, "The Commodification Gap: Gentrification and Public Policy in London, Berlin and St. Petersburg" (Wiley, 2022)

New Books in Economics

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The Commodification Gap and Capitalism

The commodification gap is the disparity between potential ground rent level that can be achieved for a piece of land when it's fully commodified. The whole idea I think is that in order to make gentrification possible capital has to flow into a Piece of Land or housing. But in order to do so, it needs to work its way around existing institutions and regulations as these are subject to political historical contestation and change. So while there is no commodification without a rent gap, there can be no rent gap without a commodification gap.

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