Ezgi B. Unsal (1987), recently finished her PhD at SOAS, University of London and is currently a lecturer at Kadir Has University.

• PrefaceAcknowledgementsList of Illustrations1 What Is This Book about? General Introduction and Methodology1 Objectives and Contribution2 Methodology and the Structure of Analysis2.1 Systematic Dialectics and Hegelian Heritage2.2 Marx’s Materialism and the Incorporation of Empirical Material into Theory2.3 Essence and the Process of Change2.4 Levels of Abstraction: Tendencies and Countertendencies2.5 The Value of Labour Power2.6 The Systems of Provision (sop) Approach to Social Reproduction3 Conclusion2 A Literature Survey on Financialisation1 Introduction2 Financialisation as an Object of Study: The Rise of Finance and Its Impacts on the Economy2.1 Cambridge Theories of Distribution2.2 How Do the Cambridge Theories of Distribution Relate to Financialisation?2.3 Empirical Analyses on Firm-level: Decreasing Real Investment, Slowing Down of Accumulation2.4 Empirical Analysis on Aggregate Level: The Impacts of Worsening Income Distribution, Determination of Different Accumulation Regimes2.5 Emphasis upon Increasing Levels of Debt and Securitisation2.6 Asset Price Inflation Approach and ‘Forced’ Indebtedness2.7 Conclusion3 Financialisation as a Reference Point for Periodisation3.1 Annales School and Recurrent Financialisation3.2 Financialisation as Coupon Pool: Social Accountancy and Cultural Economy Approach3.3 Finance-led Accumulation Regime as an Alternative to Fordist Regime: French Regulation School3.4 Varieties of Capitalism (VoC) Approach3.5 Tri-partite Class Regime and the Crisis of Neoliberalism: Duménil and Lévy3.6 Financial Expropriation Approach: Lapavitsas and Dos Santos3.7 The Increasing Presence of Interest-bearing Capital4 Conclusion3 Financialisation in Developing and Emerging Economies1 Introduction2 Historical Development of Financialisation in Developing Countries2.1 Reserve Accumulation Strategy and the Narrowing Down of the Policy Scope2.2 Crowding-out of Investment and Changes in Firm and Institutional Behaviour3 Conclusion4 The Political Economy of Turkey Since 1980Towards Differentiated Global Integration1 Introduction2 1980s and 1990s: Capital Account Liberalisation, Export Boom and Public Indebtedness3 Political Economy of Transition: The Differentiated Impacts of the 2001 Crisis4 After 2001: Restructuring of the Banking Sector5 After 2001: Household Indebtedness6 After 2001: Capital Restructuring?7 Conclusion5 The Political Economy of Electricity Provision in Turkey1 Introduction2 Privatisation of Electricity Provision: Rhetoric and Experiences around the World2.1 Scholarship on Privatisation of Electricity Provision: How and What to Regulate?3 Energy Sector Outlook in Turkey4 Historical Background and Institutional Framework for Electricity Provision in Turkey4.1 Privatisation Process i: Policy Design and Price Regulation4.2 Privatisation Process ii: Addressing Losses and Theft and Other Problems in Implementation5 The Case of Hydroelectric Power Plants (HEBB s) in Turkey: How They Are Built and Financed5.1 Ilisu Dam: A HEBB Project5.2 Coruh Development Plan6 What Role to the Finance?6.1 Firm Financing: An Investigation of Corporate Balance Sheets in the Electricity Industry7 Conclusion6 The Political Economy of Housing Provision in Turkey1 Introduction2 Production Matters in a Comparative Context: Housing Provision in Britain3 Production upon Landed Property: Marx’s Agricultural Rent Theory3.1 Rent in Urban Settings4 The Dynamics of Housing Production in Turkey: A Construction Boom Facilitated through State Institutions4.1 A History of Housing Provision in Turkey within the Context of Urbanisation4.2 The Rise of a State Institution in the Transition towards Market-based Provision: toki (Housing Development Administration)5 An Empirical Investigation of the Construction Sector Firms’ Financial Statements6 The Dynamics of Housing Consumption in Turkey6.1 Housing Consumption: Who Consumes How Much?7 Conclusion7 Conclusion1 Introduction2 Main Findings and Contribution3 Further Issues and Concluding RemarksBibliographyIndex

Ezgi B. Unsal (1987), recently finished her PhD at SOAS, University of London and is currently a lecturer at Kadir Has University.

• PrefaceAcknowledgementsList of Illustrations1 What Is This Book about? General Introduction and Methodology1 Objectives and Contribution2 Methodology and the Structure of Analysis2.1 Systematic Dialectics and Hegelian Heritage2.2 Marx’s Materialism and the Incorporation of Empirical Material into Theory2.3 Essence and the Process of Change2.4 Levels of Abstraction: Tendencies and Countertendencies2.5 The Value of Labour Power2.6 The Systems of Provision (sop) Approach to Social Reproduction3 Conclusion2 A Literature Survey on Financialisation1 Introduction2 Financialisation as an Object of Study: The Rise of Finance and Its Impacts on the Economy2.1 Cambridge Theories of Distribution2.2 How Do the Cambridge Theories of Distribution Relate to Financialisation?2.3 Empirical Analyses on Firm-level: Decreasing Real Investment, Slowing Down of Accumulation2.4 Empirical Analysis on Aggregate Level: The Impacts of Worsening Income Distribution, Determination of Different Accumulation Regimes2.5 Emphasis upon Increasing Levels of Debt and Securitisation2.6 Asset Price Inflation Approach and ‘Forced’ Indebtedness2.7 Conclusion3 Financialisation as a Reference Point for Periodisation3.1 Annales School and Recurrent Financialisation3.2 Financialisation as Coupon Pool: Social Accountancy and Cultural Economy Approach3.3 Finance-led Accumulation Regime as an Alternative to Fordist Regime: French Regulation School3.4 Varieties of Capitalism (VoC) Approach3.5 Tri-partite Class Regime and the Crisis of Neoliberalism: Duménil and Lévy3.6 Financial Expropriation Approach: Lapavitsas and Dos Santos3.7 The Increasing Presence of Interest-bearing Capital4 Conclusion3 Financialisation in Developing and Emerging Economies1 Introduction2 Historical Development of Financialisation in Developing Countries2.1 Reserve Accumulation Strategy and the Narrowing Down of the Policy Scope2.2 Crowding-out of Investment and Changes in Firm and Institutional Behaviour3 Conclusion4 The Political Economy of Turkey Since 1980Towards Differentiated Global Integration1 Introduction2 1980s and 1990s: Capital Account Liberalisation, Export Boom and Public Indebtedness3 Political Economy of Transition: The Differentiated Impacts of the 2001 Crisis4 After 2001: Restructuring of the Banking Sector5 After 2001: Household Indebtedness6 After 2001: Capital Restructuring?7 Conclusion5 The Political Economy of Electricity Provision in Turkey1 Introduction2 Privatisation of Electricity Provision: Rhetoric and Experiences around the World2.1 Scholarship on Privatisation of Electricity Provision: How and What to Regulate?3 Energy Sector Outlook in Turkey4 Historical Background and Institutional Framework for Electricity Provision in Turkey4.1 Privatisation Process i: Policy Design and Price Regulation4.2 Privatisation Process ii: Addressing Losses and Theft and Other Problems in Implementation5 The Case of Hydroelectric Power Plants (HEBB s) in Turkey: How They Are Built and Financed5.1 Ilisu Dam: A HEBB Project5.2 Coruh Development Plan6 What Role to the Finance?6.1 Firm Financing: An Investigation of Corporate Balance Sheets in the Electricity Industry7 Conclusion6 The Political Economy of Housing Provision in Turkey1 Introduction2 Production Matters in a Comparative Context: Housing Provision in Britain3 Production upon Landed Property: Marx’s Agricultural Rent Theory3.1 Rent in Urban Settings4 The Dynamics of Housing Production in Turkey: A Construction Boom Facilitated through State Institutions4.1 A History of Housing Provision in Turkey within the Context of Urbanisation4.2 The Rise of a State Institution in the Transition towards Market-based Provision: toki (Housing Development Administration)5 An Empirical Investigation of the Construction Sector Firms’ Financial Statements6 The Dynamics of Housing Consumption in Turkey6.1 Housing Consumption: Who Consumes How Much?7 Conclusion7 Conclusion1 Introduction2 Main Findings and Contribution3 Further Issues and Concluding RemarksBibliographyIndex

Ezgi B. Unsal (1987), recently finished her PhD at SOAS, University of London and is currently a lecturer at Kadir Has University.

• PrefaceAcknowledgementsList of Illustrations1 What Is This Book about? General Introduction and Methodology1 Objectives and Contribution2 Methodology and the Structure of Analysis2.1 Systematic Dialectics and Hegelian Heritage2.2 Marx’s Materialism and the Incorporation of Empirical Material into Theory2.3 Essence and the Process of Change2.4 Levels of Abstraction: Tendencies and Countertendencies2.5 The Value of Labour Power2.6 The Systems of Provision (sop) Approach to Social Reproduction3 Conclusion2 A Literature Survey on Financialisation1 Introduction2 Financialisation as an Object of Study: The Rise of Finance and Its Impacts on the Economy2.1 Cambridge Theories of Distribution2.2 How Do the Cambridge Theories of Distribution Relate to Financialisation?2.3 Empirical Analyses on Firm-level: Decreasing Real Investment, Slowing Down of Accumulation2.4 Empirical Analysis on Aggregate Level: The Impacts of Worsening Income Distribution, Determination of Different Accumulation Regimes2.5 Emphasis upon Increasing Levels of Debt and Securitisation2.6 Asset Price Inflation Approach and ‘Forced’ Indebtedness2.7 Conclusion3 Financialisation as a Reference Point for Periodisation3.1 Annales School and Recurrent Financialisation3.2 Financialisation as Coupon Pool: Social Accountancy and Cultural Economy Approach3.3 Finance-led Accumulation Regime as an Alternative to Fordist Regime: French Regulation School3.4 Varieties of Capitalism (VoC) Approach3.5 Tri-partite Class Regime and the Crisis of Neoliberalism: Duménil and Lévy3.6 Financial Expropriation Approach: Lapavitsas and Dos Santos3.7 The Increasing Presence of Interest-bearing Capital4 Conclusion3 Financialisation in Developing and Emerging Economies1 Introduction2 Historical Development of Financialisation in Developing Countries2.1 Reserve Accumulation Strategy and the Narrowing Down of the Policy Scope2.2 Crowding-out of Investment and Changes in Firm and Institutional Behaviour3 Conclusion4 The Political Economy of Turkey Since 1980Towards Differentiated Global Integration1 Introduction2 1980s and 1990s: Capital Account Liberalisation, Export Boom and Public Indebtedness3 Political Economy of Transition: The Differentiated Impacts of the 2001 Crisis4 After 2001: Restructuring of the Banking Sector5 After 2001: Household Indebtedness6 After 2001: Capital Restructuring?7 Conclusion5 The Political Economy of Electricity Provision in Turkey1 Introduction2 Privatisation of Electricity Provision: Rhetoric and Experiences around the World2.1 Scholarship on Privatisation of Electricity Provision: How and What to Regulate?3 Energy Sector Outlook in Turkey4 Historical Background and Institutional Framework for Electricity Provision in Turkey4.1 Privatisation Process i: Policy Design and Price Regulation4.2 Privatisation Process ii: Addressing Losses and Theft and Other Problems in Implementation5 The Case of Hydroelectric Power Plants (HEBB s) in Turkey: How They Are Built and Financed5.1 Ilisu Dam: A HEBB Project5.2 Coruh Development Plan6 What Role to the Finance?6.1 Firm Financing: An Investigation of Corporate Balance Sheets in the Electricity Industry7 Conclusion6 The Political Economy of Housing Provision in Turkey1 Introduction2 Production Matters in a Comparative Context: Housing Provision in Britain3 Production upon Landed Property: Marx’s Agricultural Rent Theory3.1 Rent in Urban Settings4 The Dynamics of Housing Production in Turkey: A Construction Boom Facilitated through State Institutions4.1 A History of Housing Provision in Turkey within the Context of Urbanisation4.2 The Rise of a State Institution in the Transition towards Market-based Provision: toki (Housing Development Administration)5 An Empirical Investigation of the Construction Sector Firms’ Financial Statements6 The Dynamics of Housing Consumption in Turkey6.1 Housing Consumption: Who Consumes How Much?7 Conclusion7 Conclusion1 Introduction2 Main Findings and Contribution3 Further Issues and Concluding RemarksBibliographyIndex