'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy

In recent decades, some changes in the development of world capitalism have been described according to the phenomenon of financialization and several works have advanced in the approach between finance and the production of urban space. However, its widespread use led to criticisms arguing the need...

Descripción completa

Detalles Bibliográficos
Autor principal: Fernandes Borges de Oliveira, Isadora
Otros Autores: Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)
Formato: Artículo publishedVersion Artículo evaluado por pares
Lenguaje:Portugués
Publicado: Universidad de Buenos Aires, Fac. Ciencias Sociales, IIGG, Área de Estudios Urbanos 2024
Acceso en línea:https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=quid16&d=7359_oai
Aporte de:
Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
id I28-R145-7359_oai
record_format dspace
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Portugués
orig_language_str_mv por
description In recent decades, some changes in the development of world capitalism have been described according to the phenomenon of financialization and several works have advanced in the approach between finance and the production of urban space. However, its widespread use led to criticisms arguing the need to “open the black box of finance”, claiming to deepen knowledge with regards to what this financialization would be and how it is constituted, seeking to understand its materiality and its imbrications in everyday life. In this context, part of urban studies developed research associated with constructivist sociology, which starts from a social approach to value, understood as an unequivocally flexible construction. This literature has been dedicated to understanding the instruments and mechanisms used by financial engineering, which is based on the idea that money has a time value (Time Value of Money - TVM), arguing that these “calculating” practices that project the future are translated into present material transformations, producing their own future and being, therefore, performative. Based on a bibliographic review, this study aimed to discuss these works, reflecting on their contributions based on critical political economy, seeking to understand the role of financial engineering from the theory of value. The hypothesis discussed here is that, by understanding this financial engineering, its metrics and practices as activities that, instead of creating value, drive the increased real estate prices –by combining the calculations of traditional industrial production (construction) with the calculations of future profitability (capitalization)–, it is possible to situate these contributions to the movement of capital and their imbrications with the relationships between value and price.
author2 Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)
author_facet Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)
Fernandes Borges de Oliveira, Isadora
format Artículo
publishedVersion
Artículo evaluado por pares
author Fernandes Borges de Oliveira, Isadora
spellingShingle Fernandes Borges de Oliveira, Isadora
'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
author_sort Fernandes Borges de Oliveira, Isadora
title 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
title_short 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
title_full 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
title_fullStr 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
title_full_unstemmed 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy
title_sort 'value' and urban studies under the domain of finance. reflections on time value money (tvm) based on the critique of political economy
publisher Universidad de Buenos Aires, Fac. Ciencias Sociales, IIGG, Área de Estudios Urbanos
publishDate 2024
url https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=quid16&d=7359_oai
work_keys_str_mv AT fernandesborgesdeoliveiraisadora valueandurbanstudiesunderthedomainoffinancereflectionsontimevaluemoneytvmbasedonthecritiqueofpoliticaleconomy
AT fernandesborgesdeoliveiraisadora ovaloreosestudosurbanossobdominiodasfinancasreflexoessobreotimevaluemoneytvmaluzdacriticadaeconomiapolitica
_version_ 1824358166989635584
spelling I28-R145-7359_oai2024-12-10 Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP) Fernandes Borges de Oliveira, Isadora 2024-06-04 In recent decades, some changes in the development of world capitalism have been described according to the phenomenon of financialization and several works have advanced in the approach between finance and the production of urban space. However, its widespread use led to criticisms arguing the need to “open the black box of finance”, claiming to deepen knowledge with regards to what this financialization would be and how it is constituted, seeking to understand its materiality and its imbrications in everyday life. In this context, part of urban studies developed research associated with constructivist sociology, which starts from a social approach to value, understood as an unequivocally flexible construction. This literature has been dedicated to understanding the instruments and mechanisms used by financial engineering, which is based on the idea that money has a time value (Time Value of Money - TVM), arguing that these “calculating” practices that project the future are translated into present material transformations, producing their own future and being, therefore, performative. Based on a bibliographic review, this study aimed to discuss these works, reflecting on their contributions based on critical political economy, seeking to understand the role of financial engineering from the theory of value. The hypothesis discussed here is that, by understanding this financial engineering, its metrics and practices as activities that, instead of creating value, drive the increased real estate prices –by combining the calculations of traditional industrial production (construction) with the calculations of future profitability (capitalization)–, it is possible to situate these contributions to the movement of capital and their imbrications with the relationships between value and price. Nas últimas décadas, algumas transformações no desenvolvimento do capitalismo mundial foram descritas a partir do fenômeno da financeirização, e diversos trabalhos avançaram nas aproximações entre as finanças e a produção do espaço urbano. Seu uso generalizado, contudo, suscitou críticas que argumentavam ser necessário “abrir a caixa preta das finanças”, reivindicando aprofundar os conhecimentos em relação ao que seria de fato essa financeirização e como ela se constitui, buscando entender sua materialidade, e seus imbricamentos no cotidiano. Nesse contexto, alguns estudos urbanos desenvolveram pesquisas associadas à sociologia construtivista, que partem de uma abordagem social do valor, entendido enquanto uma construção inequivocamente flexível. Essa literatura tem se dedicado a compreender os instrumentos e mecanismos utilizados pela engenharia financeira, que se apoia na ideia de que o dinheiro admite um valor no tempo (em inglês, Time Value Money, ou TVM), com o argumento de que essas práticas “calculativas” projetam o futuro, traduzindo-o em transformações materiais que produzem o próprio futuro, sendo, portanto, performativas. Por meio de uma revisão bibliográfica, o objetivo do artigo é discutir esses trabalhos, refletindo sobre suas contribuições à luz da crítica da economia política, buscando compreender o papel da engenharia financeira a partir da teoria do valor. A hipótese aqui discutida é a de que, ao compreender essa engenharia financeira, suas métricas e práticas como atividades que, em vez de criarem valor, impulsionam a elevação dos preços imobiliários –quando combina os cálculos da produção industrial tradicional (a construção) aos cálculos de rentabilidade futura (capitalização)–, é possível situar essas contribuições no movimento do capital, e em seus imbricamentos com as relações entre valor e preço. application/pdf text/html application/xml https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359 10.62174/quid16.i21_a408 por Universidad de Buenos Aires, Fac. Ciencias Sociales, IIGG, Área de Estudios Urbanos https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359/pdf https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359/html https://publicaciones.sociales.uba.ar/index.php/quid16/article/view/7359/8207 Copyright (c) 2024 Quid 16. Revista del Área de Estudios Urbanos Quid 16. Department of Urban Studies Journal; Núm. 21 (2024): Ecofeminismos, cuidados colectivos y reproducción social en América Latina; a408 Quid 16. Revista del Área de Estudios Urbanos; Núm. 21 (2024): Ecofeminismos, cuidados colectivos y reproducción social en América Latina; a408 Quid 16. Revista do Departamento de Estudos Urbanos; Núm. 21 (2024): Ecofeminismos, cuidados colectivos y reproducción social en América Latina; a408 2250-4060 'Value' and urban studies under the domain of finance. Reflections on Time Value Money (TVM) based on the critique of political economy O "valor" e os estudos urbanos sob domínio das finanças. Reflexões sobre o Time Value Money (TVM) à luz da crítica da economia política info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo evaluado por pares https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=quid16&d=7359_oai

Ejemplares similares