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Development, Geography, and Economic Theory

Author

Listed:
  • Paul Krugman

    (Princeton University)

Abstract

Why do certain ideas gain currency in economics while others fall by the wayside? Paul Krugman argues that the unwillingness of mainstream economists to think about what they could not formalize led them to ignore ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of economic geography and development theory to shed light on the nature of economic inquiry. He traces how development theory lost its initial influence after it became clear that many of the theory's main insights could not be clearly modeled, and concludes with a commentary on areas where further inquiry looks most promising.

Suggested Citation

  • Paul Krugman, 1997. "Development, Geography, and Economic Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 026261135x, December.
    • Handle: RePEc:mtp:titles:026261135x
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    More about this item

    Keywords

    economic geography; development theory;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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