Czy ziemia i kapitał to wciąż odrębne czynniki produkcji? Instytucjonalne uwarunkowania finansyzacji ziemi na obszarach wiejskich
Are land and capital still separate factors of production? Institutional determinants of land financialisation in rural areas

Author(s): Bazyli Czyżewski, Aleksander Grzelak, Anna Matuszczak
Subject(s): Economy, Agriculture
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: land;capital;financialisation in rural areas;
Summary/Abstract: The chapter is a voice in the discussion of the need to develop a separate theory for the factor of land and land rent, arguing the thesis that the institutional constraints of land financialisation in rural areas are so persistent and socially adequate that reducing land to another type of capital is theoretically inappropriate. The financialisation of agriculturall and results in its inevitable outflow to other uses, which is socially undesirable both from the perspective of environmental common goods, as well as from the perspective of food security and the agrarian question viewed through the lens of agricultural income deprivation. The financialisation of land thus provides a rationale for deeper and more precise regulation of agricultural land circulation. From the farmer’s point of view, land will never be just an income stream discounted by an alternative rate of return, at least not in the European Model of Agriculture. In conclusion, the development of land factor economics and land rent theory is needed as the sources of land rent evolve, particularly in the context of global criteria that will inevitably determine the individual perspective over time.

• Details
• Contents