Key Concepts in Economic Geography is a new kind of textbook that forms part of an innovative set of companion texts for the human geography sub-disciplines. Organized around 20 short essays, this book provides a cutting edge introduction to the central concepts that define contemporary research in economic geography. Involving detailed and expansive discussions, the book includes:
An introductory chapter providing a succinct overview of the recent developments in the field; Over 20 key concept entries with comprehensive explanations, definitions, and evolutions of the subject; Extensive pedagogic features that enhance understanding including figures, diagrams, and further reading
An ideal companion text for advanced undergraduate and graduate students in economic geography, the book presents the key concepts in the discipline, demonstrating their historical roots, and contemporary applications to fully understand the processes of economic change, regional growth and decline, globalization, and the changing locations of firms and industries. Written by an internationally recognized set of authors, the book is an essential addition to any geography student's library.
Chapter 4.3: Circuits of Capital
Circuits of Capital
The circuits-of-capital concept was originally articulated by Marx and remains a core idea in radical political economy. In simple terms, the concept helps to explain how economies are constituted by capital-circulation systems that enable capitalists to continually accumulate wealth and power through unequal exchange relationships with workers. For geographers, the idea gained prominence through David Harvey who extended the concept into a critical theory of capitalism and the space economy. In application, it helps to explain how structural factors (i.e. the capital-circulation system) drive uneven development in cities, regions and the global economy. The concept also shows how states and capitalists strive to overcome the crisis tendencies plaguing the capitalist system by altering capital flows through ‘spatial fixes’. Geographers have ...