Does Economic Space Matter?


Book Description

This is a Festschrift to honour Professor Melvin Greenhut who has long toiled on spatial economics. The book accordingly focuses on a single question: in what sense 'economic space' matters in economic theory. Space in economics is an elusive concept, apparently separating and embracing economic agents at the same time. This is why adding it to already overly complicated economic agents at the same time. This is why adding it to already overly complicated economic models may not necessarily help economics to become sufficiently realistic. In this book, leading scholars of international stature try to find ways of introducing space in economic theory which will make it simpler and more realistic, analysing theoretical and historical issues of contemporary relevance, such as land use, congestion and public goods, location theory and spatial competition.




Does Economic Space Matter?


Book Description




Positive and Normative Analysis in International Economics


Book Description

This volume addresses profound issues in international economics, with contributions from leading researchers on the implications of trade. Empirical studies address preferential trading arrangements, global imbalances and exchange rates, facilitating an understanding of how the economy functions and enabling detailed policy evaluation.




Creating Economic Space for Social Innovation


Book Description

This book draws upon economic and sociological theory to provide a comprehensive discussion of economic space for social innovation, addressing especially marginalized groups and the long-term projects, programmes, and policies that have emerged and evolved within and across European states.It approaches the explanatory and normative questions raised by this topic via a novel approach: the Extended Social Grid Model (ESGM). Taking inspiration from the fields of economic sociology and ethics, this model shows that social innovation processes must be structural, and require change inpower relations, if marginalization is to be effectively dealt with via social innovation.Part I of the book sets out the ESGM, including an exposition on the model along with background chapters on innovation, power and marginalization, ethics and social innovation, and empirical methods. Part II explores the model with a focus on social innovation trajectories of social housing,drinking water provision, employment, education, and food provision. It also explores the operationalization of the model with a view to agency and empowerment, as well as social innovation policy in Europe and the use of social impact bonds as a tool for financing social innovation. Part IIIrevisits the ESGM and considers the explanatory adequacy and fruitfulness of the model for innovation research and for theorizing social innovation, addressing questions on the role and limitations of participation in social innovation for the marginalized, the role of capital for creating economicspace for capabilities, and how we can approach the social impact of social innovation.This collection of essays presents a diverse range of perspectives on understanding and addressing the key issue of marginalization, and offers key recommendations for policy makers engaging with social innovation across the European Union and beyond.




The Space Barons


Book Description

The historic quest to rekindle the human exploration and colonization of space led by two rivals and their vast fortunes, egos, and visions of space as the next entrepreneurial frontier The Space Barons is the story of a group of billionaire entrepreneurs who are pouring their fortunes into the epic resurrection of the American space program. Nearly a half-century after Neil Armstrong walked on the moon, these Space Barons-most notably Elon Musk and Jeff Bezos, along with Richard Branson and Paul Allen-are using Silicon Valley-style innovation to dramatically lower the cost of space travel, and send humans even further than NASA has gone. These entrepreneurs have founded some of the biggest brands in the world-Amazon, Microsoft, Virgin, Tesla, PayPal-and upended industry after industry. Now they are pursuing the biggest disruption of all: space. Based on years of reporting and exclusive interviews with all four billionaires, this authoritative account is a dramatic tale of risk and high adventure, the birth of a new Space Age, fueled by some of the world's richest men as they struggle to end governments' monopoly on the cosmos. The Space Barons is also a story of rivalry-hard-charging startups warring with established contractors, and the personal clashes of the leaders of this new space movement, particularly Musk and Bezos, as they aim for the moon and Mars and beyond.




Innovative Behaviour in Space and Time


Book Description

In the past decade there has been growing recognition that economic development is not mainly exogenously determined but, to a large extent, is a transformation process induced and governed by economic actors who respond to competitive, institutional and political challenge. This 'challenge and response' model is increasingly accepted as a valid analytical framework in modem growth theory and also explains the popularity of endogenous growth approaches to technological innovation issues. However, a major and as yet largely under-researched topic is the question of the diffusion and adoption of new technological changes in the context of space-time dynamics. This diffusion and adoption pattern has obviously clear spatial and temporal variations connected with behavioural responses which may vary over time and different locations. This means that a closer analysis of spatio-temporal opportunities and impediments is necessary in order to fully map the complex interactions of technology and economy in space and time. This volume sets out to bring together a collection of original contributions commissioned by the editors to highlight the spatio-temporal patterns and backgrounds of the diffusion and adoption of new technologies. Some are in the nature of a survey, others.have a modelling background and again others are case studies. The contributions originate from different countries and different disciplines. This book is complementary to a previously published volume on technological innovation, Technological Change, Economic Development and Space, edited by C.S. Bertuglia, M.M. Fischer and G. Preto, and also published by Springer-Verlag (1995).




NEW PARADIGM ECONOMICS


Book Description

A new era calls for new economics. This book offers a new paradigm of economics with a new perspective and a new fundamental logic system in this new century. The new paradigm originates from a fundamental fact: The main behavioral subjects of socio-economic activities are not individuals, but social organizations composed of individuals, such as families, enterprises, schools, research institutes, government branches, charity organizations and so on. So this book replaces the controversial assumption of "economic man" with the model of "the minimum economic system" abstracted from reality and establishes a new logic analysis framework of "economic unit (the minimum economic system) -- economic flow (the input and output between economic units) -- economic field (the space-time distribution of economic units and their movement)" which is totally different from all existing economics theories. As a result, this book reconstructs economics on a foundation of natural science and systems science and can explain the secret of China's rapid economic growth and other economic puzzles at the level of fundamental logic. This book replaces neoclassical and modern orthodox economics with a new economics meta-theory, making it a fascinating read and providing a valuable reference for researchers, teachers and students majoring in economics.




Life Space and Economic Space: Third World Planning in Perspective


Book Description

John Friedmann is internationally known for his pathbreaking work in urban and regional development planning theory. Life Space and Economic Space contains some of his most original and controversial essays on spatial and territorial development in the low-income countries of the world. The essays focus on a conflict he considers fundamental to human existence: that conflict between life space and economic space. By "life space" Friedmann means the bounded territories over which we strive to exert some degree of self-governance and which constitute the human habitat. By "economic space" he means the ubiquitous global space of market relations. Friedman demonstrates the implications of his theoretical position in a number of ways: he examines development in Southeast Asia, introduces the notion of "world cities, " and presents a politico-territorial model of rural development which he calls agropolitan. The analysis extends in wide-ranging fashion from the space of global relations to the most intimate space of the household economy which, when linked to other households, constitutes the economy of the barrio or neighborhood. In a chapter proposing a dual-track model of development, he sketches a model of the barrio economy drawn from Latin American experience and based on social mobilization, collective self-empowerment and political action. Friedmann perceives a global crisis which he traces to the dissolution of territorial relations. This he believes results from penetration of the global system of markets into the remotest corners of the world, undermining traditional cultures and ways of life. The consequence is incipient breakdown, he asserts, and we need to repoliticize spaceand subordinate the power of capital to the collective will of people organized to work toward common ends. This deliberately provocative collection of essays includes an autobiographical fragment providing contextual information about the author.




Economics of Cities


Book Description

This integrated collection of essays exploring the economic theory of cities assembles work by a number of the world's leading exponents.




The Caribbean Single Market and Economy: Towards a Single Economic Space


Book Description

The Caribbean Single Market and Economy: Towards a Single Economic Space This publication offers essays that represent an attempt to satisfy the needs of laypersons busy with daily survival and progress issues, students, seeking to understand the nature of the evolution towards a CARICOM Single Market and Economy, academics, interested in the comments of their peers and politicians needing to improve the acuity with which they perceive the efforts of and prescribe actions for their individual countries. The Most Honourable Professor Sir Kenneth, former Governor-General of Jamaica, is a well known and respected Caribbean academic who utilised the skills of his profession to analyse the main factors leading to the success of the Caribbean Integration process. Professor Sir Kenneth joined his academic work to a passion for education and has held positions of Chairman of the Caribbean Examination Council(CXC), Pro Vice Chancellor and Principal, UWI, Chancellor, University College of the Caribbean and Deputy Secretary-General, Caribbean Community. He is currently a Distinguished Research Fellow of the University of the West Indies. Myrtle Veronica Chuck-A-Sang, M.A. has co-edited several publications with Professor Sir Kenneth Hall on a range of issues relating to Caribbean Regional integration and International Relations. She was the former Director of the UWI-CARICOM Institutional Relations Project, Caribbean Community Secretariat and is currently the Editor and Managing Director of the Integrationist, Editor of the Integration Quarterly and Company Secretary, Caribbean Fellowship Inc.