Money Metropolis

The text offers a critical perspective on complex and consequential aspects of growth and change in London, viewed through the lens of multiscalar space and brought to life through exemplary case studies. It demonstrates how capital, culture and governance have combined to reproduce London, within a frame of relational geographies and historical relayering. Emphasis is placed on the sequences of political change, capital intensification, industrial restructuring and cultural infusions which have transformed space in London since the 1980s. Tom Hutton contributes to the rich discourse on London’s experiences of urbanization, by producing a fresh perspective on its development saliency. Millennial Metropolis includes a systematic review and synthesis of research literatures on globalizing cities, with reference to the reproduction of space at the metropolitan, district and neighbourhood scales. Hutton offers a nuanced treatment of geographical scale, observed in the blending of global/transnational processes with the fine-grained imprint of governance processes and social relations. These proccesses are manifested in sites of innovation, spectacle and social conviviality, but also produce experiences of displacement and inequality. The author presents a spatial model of metropolitan development by exploring how growth and change in twenty-first-century London is expressed internally as an enlarged zonal structure extending beyond the traditional territories of central and inner London. Serious threats to London are discussed —from the isolating implications of Brexit, the impact of the Covid-19 pandemic and the dire threat of ecological crises and deteriorating public health associated with climate change. This will be an invaluable text for postgraduate students, established scholars and upper level undergraduates, across diverse disciplines and fields including geography, sociology, governance studies and planning and urban studies.

This book applies the contents of a working economist’s tool-kit to explain, clearly and intuitively, when and why over the course of four centuries individuals, families, and enterprises decided to locate in or around the lower Hudson River Valley. Collectively those millions of decisions have made New York one of the twenty-first century’s few truly global cities. A recurrent analytic theme of this work is that the ups and downs of New York’s trajectory are best understood in the context of what was happening elsewhere in the broader Atlantic world. Readers will find that the Atlantic perspective viewed through an economic lens goes a long way toward clarifying otherwise quite perplexing historical events and trends.

This book explores the impact of finance on urban spaces as well as cities' role in the social constitution and dissemination of financial logistics and techniques. It brings together literature from different disciplinary areas to increase our understanding of financialization. It observes how non-financial members of society, such as public bureaucrats, urban planners, the media and so on, are actively involved in the financialization of urban areas. With an explicit focus on Brazil, a developing country in the Global South, the book demonstrates how the country has been grappling with complex and contradictory processes of neoliberalization, decentralization, re-democratization and institutional-legal strengthening of frameworks for urban and regional planning, stressing the relations between urban space and finance capital. With a distinct view of filling a gap in the current literature on urban financialization, the book aims to focus on less developed areas in this field and link them with the literature on social studies of finance. This makes the text relevant for academics and scholars of urban studies and planning theory, geography, development studies and political economy, as well as scholars in the US and Europe interested in understanding Brazilian patterns of financialization.