- Paperback: 156 pages
- Publisher: The MIT Press; New edition edition (Nov 13 1992)
- Language: English
- ISBN-10: 0262610868
- ISBN-13: 978-0262610865
- Product Dimensions: 20.2 x 13.7 x 1.3 cm
- Shipping Weight: 91 g
- Average Customer Review: 3.6 out of 5 stars See all reviews (5 customer reviews)
- Amazon Bestsellers Rank: #403,131 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Details |
Product Description
Book Description
"I have spent my whole professional life as an international economist thinking and writing about economic geography, without being aware of it," begins Paul Krugman in the readable and anecdotal style that has become a hallmark of his writings. Krugman observes that his own shortcomings in ignoring economic geography have been shared by many professional economists, primarily because of the lack of explanatory models. In Geography and Trade he provides a stimulating synthesis of ideas in the literature and describes new models for implementing a study of economic geography that could change the nature of the field.Economic theory usually assumes away distance. Krugman argues that it is time to put it back - that the location of production in space is a key issue both within and between nations.Paul Krugman is Professor of Economics at the Massachusetts Institute of Technology. He has been a consultant to the International Monetary Fund, the World Bank, the United Nations, the Trilateral Commission, and the U.S. State Department. He is a member of the Group of Thirty. His books include the recent bestselling Age of Diminished Expectations: U.S. Economic Policy in the 1990s.
About the Author
Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.
Inside This Book
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First Sentence
About a year ago I more or less suddenly realized that I have spent my whole professional life as an international economist thinking and writing about economic geography, without being aware of it. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
About a year ago I more or less suddenly realized that I have spent my whole professional life as an international economist thinking and writing about economic geography, without being aware of it. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most helpful customer reviews
3.0 out of 5 stars
Its a start.,
By A Customer
This review is from: Geography and Trade (Paperback)
It is great that Krugman is promoting space to the world of Economics but he hasn't brought much to the table of economic geography that wasn't already there. However, as the author's knowledge increases in the subject area, geographers would be advised to keep tabs on his work as the field is lacking in formal models.
3.0 out of 5 stars
Good summary treatment, overdue systems view, but wait....,
By A Customer
This review is from: Geography and Trade (Paperback)
That it has taken an economist to highlight the role of space in spatial economic development is an indication of the failure of geographers to do the same with mathematical models (they've had more time to do it...). Regional science has long held the view that space matters, yet geography has not come up with sufficiently rich models to explain why. Dr Krugman has provided a valueble service to making geography matter more in ecomonics. Perhaps it is time for economics to matter more in space?
2.0 out of 5 stars
Old wine in a new bottle,
By A Customer
This review is from: Geography and Trade (Paperback)
This book does more to point out the authors lack of awareness of a large body of literature in a field known as regional science than it does to enlighten the reader on the subject. Nonetheless, it contains a lively, readable discussion of the importance of agglomeration economies for those who have had little formal background in economics. The concepts developed in it are properly laid out, albeit in a fashion akin to that in beginning chapters of Walter Isard's 1956 tome entitled "Locaton and Space Economy." Indeed, much of the material is covered better in Isard's book and in Edgar M Hoover "The Location of Economic Activity" written in 1948. Appendices contain more theoretic analytic treatments of the material, although some of Krugman's more recent publications do a far better job. In the final chapter Krugman attempts to put the book in perspective of broader present-day questions. He investigates the extent to which barriers to trade might interfere with comparative advantage and agglomerative tendencies. He then attempts to determine whether Europe's small countries should fear economic integration and whether their regions will be at a disadvantage compared to larger European nations. Not surprisingly. however, he tells us that the answer to both is something like "it depends." That is, the answer to each of these questions relies on the area's proximity to the geographic center of Europe's economy. Geography and Trade is not what one would envision from the 1992 John Bates Clark Award of the American Economics Association. As Krugman becomes aware of the regional science literature, however, I am sure his work will become more interesting to regional economists.
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