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 3.1: Industrial Location
Early location theories of largely German origin from the nineteenth century are among the pillars of economic geography. In order to identify the economic principles underlying spatial structures, industrial location theorists sought to develop a generalisable framework that would explain why certain activities are located where they are. These theories assume rational actors (‘economic men’), who want to maximise economic gain (profits) (see 1.2 Firm) and whose decisions are not affected by social and cultural factors. These assumptions allowed theorists to isolate the effects of transport and labour costs, even though outcomes of the models are somewhat unrealistic. Today, the basic premises of industrial location theories remain broadly applicable and relevant to our understanding the construction of the space-economy.1 In this section, ...