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Basic concepts

In: Evolutionary Spatial Economics

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Abstract

The problem of the spatial location of firms does not exist in a situation with homogeneous space and perfect markets. The problem exists only in the situation with market imperfections. Cost minimisation and profit maximisation were key workhorses in economic theory. Still, there are possibilities to learn outside the ‘economic box’. Evolutionary biology may offer insights that economics can use in their considerations in spite of obvious differences between the two academic disciplines.

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  • ., 2020. "Basic concepts," Chapters, in: Evolutionary Spatial Economics, chapter 5, pages 20-33, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17213_5
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    Keywords

    Economics and Finance; Geography;

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