442-444. (1988).
Tue 23 Oct 2012 06.26 EDT.
Such shifts, particularly in terms of racial replacement and community erasure, are too often treated as epiphenomenal and dismissed as 'ideological' by Marxist scholars.”.But Professor Heathcott maintains the enduring value of Smith’s theory.“The rent gap thesis remains a powerful explanatory framework, so much so that if one wants to become well-read in the theory of gentrification, Smith remains the point of departure.”.Margaret Haltom is a Master in Urban Planning student at the Harvard Graduate School of Design.Hazard Mitigation and Disaster Recovery Planning Division,Regional and Intergovernmental Planning Division,Membership for Allied Professionals & Citizens,National Community Planning Month Overview,City Planning and Management Division Overview,Environment, Natural Resources and Energy Division,Hazard Mitigation and Disaster Recovery Planning Division Overview,Housing and Community Development Division,Planning and the Black Community Division,Regional and Intergovernmental Planning Division Overview,Small Town and Rural Planning Division Overview,Sustainable Communities Division Overview,Toward a Theory of Gentrification: A Back to the City Movement by Capital, not People. The Center for Place, Culture and Politics",https://en.wikipedia.org/w/index.php?title=Neil_Smith_(geographer)&oldid=953119395,Scottish expatriates in the United States,Wikipedia articles with BIBSYS identifiers,Wikipedia articles with CANTIC identifiers,Wikipedia articles with SUDOC identifiers,Wikipedia articles with WorldCat identifiers,Creative Commons Attribution-ShareAlike License. Gentrification of the City [Smith, Neil, Williams, Peter] on Amazon.com. Toward a Theory of Gentrification A Back to the City Movement by Capital, not People Neil Smith Published online: 26 Nov 2007.
Gentrification of the City
45, No.
The prevailing 1970s literature, he argued, prioritized individual consumption patterns, changing middle-class lifestyles, and rising construction costs as catalysts for gentrification.But Smith saw this explanation as reductive of cultural preferences and blind to the part of the housing market, including real estate developers, government agencies, landlords and others in the quest for capital: “to explain gentrification according to the gentrifier’s actions alone, while ignoring the role of builders, developers, landlords, mortgage lenders, government agencies, real estate agencies is excessively narrow,” he wrote.His theory, instead, considered how capital flows in and out of neighborhoods, how financial investments in pursuit of long-term profits created incentives for the redevelopment of certain pockets of a city.Illuminating why some areas redevelop and others do not — a question that continues to perplex planners today — Smith suggested the answer lay between the capitalized ground rent and the potential ground rent in depreciated areas. The 13-digit and 10-digit formats both work.Use the Amazon App to scan ISBNs and compare prices.Unable to add item to List. Urban Geography: Vol.
The wider the gap, the more the area is positioned for redevelopment:“Gentrification occurs when the gap is wide enough that developers can purchase shells cheaply, can pay the builders’ costs and profit for rehabilitation, can pay interest on mortgage and construction loans, and can then sell the end product for a sale price that leaves a satisfactory return to the developer.”.As suburbanization continued and properties within the city depreciated in value, developers stood to profit from redeveloping these properties; thus, capital would flow from the suburbs back into the city.He acknowledges that Smith’s account is not comprehensive: “Many today would argue that his analysis of 'potential rent' needlessly downplayed the immense cultural shifts occurring in the 1960s and 1970s and how those pushed the potential rent curve upward. In 1979, Neil Smith — future professor of geography and anthropology, and a young PhD candidate studying under David Harvey — reconsidered the very foundations of gentrification, elucidating the cyclical flow of capital that continues to reshape city centers today.Smith began by challenging notions of gentrification rooted in neoclassical economics.
He took up a tenure-track position at Columbia University in New York, but Columbia clos
Neil Smith… Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. I asked CUNY Professor Neil Smith for a quick lesson in his area of expertise: gentrification in New York City.
An urban geographer and social theorist, he has written extensively on gentrification, the history of geography, and the production of nature. Neil Smith's arguments about gentrification were a part of a larger examination of how capitalism shapes nature and geographical space.
Here's my question and Professor Smith's answer. Smith earned his 1st class BSc from the University of St. Andrews in 1977, and his PhD from Johns Hopkins University in 1982, where his advisor was noted Marxist geographer David Harvey.
(1979).
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