Rentier Capitalism

- Reviews -

"Our economic present is supposed to be characterised by free markets, unleashed creative entrepreneurship, the control of knowledge, and globalisation of production. Yet as Brett Christophers shows in this incisive and vital study, the supposedly long-dead rentier is the characteristic capitalist of our age, not the entrepreneur of neoliberal theory. Thinking beyond the cliches, and the standard statistical summaries of the economy, he shows that instead of entrepreneurs there are exploiters of ownership and control who underinvest in the future. The new rentiers are everywhere, passively piling up the returns accruing from investments, from land, from housing, monopolistic utilities, consumer credit, and the control of platforms, natural resources and long-term contracts. " - David Edgerton, author of Rise and Fall of the British Nation"Empirically rigorous and theoretically insightful, Rentier Capitalism is a fascinating contribution to the debate on the changing face of British capitalism. Christophers makes a clear and compelling case that the profits of some of the largest British corporations stem not from production itself, but from their ability to exploit their control over critical resources to extract economic rents. ' " - Grace Blakeley, author of Stolen"Empirically rich and theoretically astute, Rentier Capitalism offers a definitive account of a central feature of neoliberal capitalism: the resurgent power of unproductive assets. Spanning finance, housing, fossil fuels and the public sector out-sourcing racket, this will be a vital resource for anyone seeking to make sense of economic inequality and injustice in the UK and beyond. " - Will Davies"Our economic present is supposed to be characterised by free markets, unleashed creative entrepreneurship, the free production and flow of knowledge, and the frictionless mobility of capital and production. Yet as Brett Christophers shows in this incisive and vital study, the supposedly long-dead rentier is the characteristic capitalist of our age, not the entrepreneur of neoliberal theory. Thinking beyond the cliches, and the standard statistical summaries of the economy, he shows that instead of entrepreneurs there are exploiters of ownership and control who underinvest in the future. The new rentiers are everywhere, passively piling up the returns accruing from investments, from land, from housing, monopolistic utilities, consumer credit, and the control of platforms, natural resources and long-term contracts. " - David Edgerton"In this eye-opening, wide-ranging, and pedagogical book, Brett Christophers reveals the outsized role that rents play in today' s economy-from natural resources to intellectual property, from land to finance, from infrastructure to digital platforms. This is a must-read for anyone interested in understanding modern-day capitalism. " - Gabriel Zucman coauthor of The Triumph of Injustice"Brett Christophers' comprehensive study of the dominance of rent will change how we think about inequality. Contemporary capitalism relies more on controlling something valuable than it does on making something valuable. Rentier Capitalism is a brilliant and indispensable book. " - Jodi Dean"If you want to understand the complexities of modern capitalism, there is no better place to start than Brett Christophers' ambitious new exploration of rentierism. Unique in examining this phenomenon across its multiple facets, Christophers' insightful analysis reveals the inner workings of rentier capitalism with grit and detail. This is essential reading for all serious students of political economy. " - Greta R. Krippner, University of Michigan"At last! For some years the great and the good have been muttering about the rentierisation of the economy, without really defining what they mean. What is rentier capitalism and what do we do about it? How did capitalism go from being all about "doing" to all about "having"? These are some of the most important questions we should be pondering in the coming years. And now, finally, we have a book that defines this crucial trend and provides a forensic analysis of it. An insightful, fascinating read. " - Ed Conway, Sky News Economics Editor, a Times columnist, and author of The Summit"To understand the inequalities of wealth and power that define contemporary capitalism, read this important book. Rentierism shapes every sphere of our shared lives, Christophers shows, from energy to real estate, aerospace to health care, and entertainment to Airbnb. Tracing the different way each sector is organized to compel payments to those who monopolize its key assets, the book explains how rent takes multiple forms. It is this variability that allows capitalism' s extraordinary profits--and inequalities--to be generated at every juncture. " - Timothy Mitchell"We are plagued by wealth and income inequality, declining productivity, falling investment, and polarized populations. But how are they related? Christophers answers that question, in my view definitively, by showing us how the economy we inhabit is a province of rents protected by power, in everything from finance and patents to carbon extraction and land ownership. Few books come along that fundamentally challenge the way you see the world. This is one of them. Christophers rewired my understanding of capitalism on a fundamental level. Piketty told us that the Trente Glorieuses were a stochastic blip, not a fundamental change. He saw that in the data. Christophers builds upon this insight a theory as to why that is that is both compelling and powerful - that the equilibrium state of capitalism is one of rent accumulation - and that such an equilibrium is a question of class power exercised through the state. " - Mark Blyth"An essential read for anyone thinking about what UK governments might need to do differently as the pandemic upends the economy, and people' s jobs, without doubt feeding an appetite for some significant change in the philosophy of public policy. "- Diane Coyle, The Enlightened Economist"An important and urgent contribution to our understanding of modern capitalism. " - Christine Berry, openDemocracy

- Author Bio -

Brett Christophers is Professor in the Department of Social and Economic Geography at Uppsala University.

- Full Details -

Status:	Active
ISBN-13:	9781788739757
Published:	14 Jun 2022
Published In:	United Kingdom
Imprint:	Verso Books
Publisher:	Verso Books
Format:	Paperback
Height:	210mm
Width:	140mm
Pages:	512

- Delivery ETA -

In stock - for items in stock we aim to dispatch the next business day. For delivery in NZ allow 2-5 business days, with rural taking a wee bit longer.

Locally sourced in NZ - stock comes from a NZ supplier with an approximate delivery of 7-15 business days.

International Imports - stock is imported into NZ, depending on air or sea shipping option from the international supplier stock can take 10-30 working days to arrive into NZ. 

Pre-order Titles - delivery will vary depending on where the title is published, if local stock is available in NZ then 5-7 business days, for international imports it can be 10-30 business days. In all cases we will access the quickest supply option.

Delivery Packaging - we ship all items in cardboard sleeves or by box with either packing paper or corn starch chips. (We avoid using plastics bubble bags)

Tracking - Orders are delivered by track and trace courier and are fully insured, tracking information will be sent by email once dispatched.

View our full Order & Delivery information