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Evolutionary Spatial Economics

Understanding Economic Geography and Location Over Time

Miroslav N. Jovanovic

A crucial question in contemporary economics concerns where economic activities will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model, providing important concrete and theoretical insights, and illuminating areas of future enquiry.
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Chapter 36: General conclusions

Miroslav N. Jovanovic

Extract

Evolutionary economic geography is far from its close. Therefore, rather than having a classical conclusion, this book ends with thoughts on what was discovered and what needs further enquiry. Spatial elements and the punctuated economy are some of the hardest nuts to crack in analysis and policy-making. What works in one place does not necessarily work in the same place, but at a different time, nor in other places and/or other times. One size _ such as von Thünen’s concentric circles or Weber’s triangles or Lösch’s hexagons _ does not fit all, at all times and places. Many elements in spatial economics are not easily measurable, hence generalisations are difficult outside theoretical models or specific composition of selected points.

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