Of Hype and Hyperbolas: Introducing the New Economic Geography.

Reviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to m...

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Main Author: Neary, J
Format: Journal article
Language:English
Published: 2001
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author Neary, J
author_facet Neary, J
author_sort Neary, J
collection OXFORD
description Reviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to model the trade-off between dispersal and agglomeration. The approach thus gives a choice-theoretic basis for a "propensity to agglomerate."
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spelling oxford-uuid:00ac6bdf-a8f7-45c7-b768-2688c30a95a62022-03-26T08:30:49ZOf Hype and Hyperbolas: Introducing the New Economic Geography.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:00ac6bdf-a8f7-45c7-b768-2688c30a95a6EnglishDepartment of Economics - ePrints2001Neary, JReviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to model the trade-off between dispersal and agglomeration. The approach thus gives a choice-theoretic basis for a "propensity to agglomerate."
spellingShingle Neary, J
Of Hype and Hyperbolas: Introducing the New Economic Geography.
title Of Hype and Hyperbolas: Introducing the New Economic Geography.
title_full Of Hype and Hyperbolas: Introducing the New Economic Geography.
title_fullStr Of Hype and Hyperbolas: Introducing the New Economic Geography.
title_full_unstemmed Of Hype and Hyperbolas: Introducing the New Economic Geography.
title_short Of Hype and Hyperbolas: Introducing the New Economic Geography.
title_sort of hype and hyperbolas introducing the new economic geography
work_keys_str_mv AT nearyj ofhypeandhyperbolasintroducingtheneweconomicgeography