GEO 106 Lecture Notes - Lecture 10: Blockbusting, Public Space, Urban Geography
8 Apr 2018
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Document Summary
Urban ecology: study of social and spatial organization of the city. Political economy: an approach to the study of urban geography that emphasizes the impact of political and economic institutions on the physical form and social life of cities. Use value: value that derives from using an object, such as house as apart from its monetary or exchange value (regular value) Exchange value: the worth of an object or service based on the price it could bring if it were sold. Blockbusting: the racial composition of a residential block changes from white to black, usually a consequence of activity by real-estate agents who trigger such a change by introducing a small number of hlack households to a previously white block. Red-lining: the demarcation by financial institutions of residential areas of a city as being in decline and thus not suitable for investment.
