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A Wealth of Buildings: Marking the Rhythm of English HistoryFinancial Dominance

A Wealth of Buildings: Marking the Rhythm of English History: Financial Dominance [The City of London houses a global-sized banking system living within a medium-sized domestic economy. Its financial institutions are generating an incessant demand for new office buildings of larger size, higher quality, and better technical specification. In response, global capital is circulating at an increasing speed within the city economy, to fund the development of new office towers and trade them as investment assets. The functional imperative to build ever higher stems from the desire to maximize the floor space contained within buildings that act as both means of production and stores of wealth. That imperative has been met by successive improvements in construction technology coupled with Modernist innovations in building design, spurred on by the competitive desire to produce the tallest and most striking towers.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Wealth of Buildings: Marking the Rhythm of English HistoryFinancial Dominance

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016. The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988.
ISBN
978-1-349-94979-3
Pages
223 –351
DOI
10.1057/978-1-349-94980-9_3
Publisher site
See Chapter on Publisher Site

Abstract

[The City of London houses a global-sized banking system living within a medium-sized domestic economy. Its financial institutions are generating an incessant demand for new office buildings of larger size, higher quality, and better technical specification. In response, global capital is circulating at an increasing speed within the city economy, to fund the development of new office towers and trade them as investment assets. The functional imperative to build ever higher stems from the desire to maximize the floor space contained within buildings that act as both means of production and stores of wealth. That imperative has been met by successive improvements in construction technology coupled with Modernist innovations in building design, spurred on by the competitive desire to produce the tallest and most striking towers.]

Published: Sep 24, 2016

Keywords: Hedge Fund; Office Building; Office Space; City Office; Property Company

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