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Development, Geography, and Economic Theory


  • Paul Krugman

    () (Princeton University)


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, January.
  • Handle: RePEc:mtp:titles:026261135x

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    References listed on IDEAS

    1. Van Wijnbergen, Sweden, 1986. "On fiscal deficits, the real exchange rate and the world rate of interest," European Economic Review, Elsevier, vol. 30(5), pages 1013-1023, October.
    2. Tabellini, Guido & Alesina, Alberto, 1990. "Voting on the Budget Deficit," American Economic Review, American Economic Association, vol. 80(1), pages 37-49, March.
    3. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
    4. Sutherland, Alan, 1997. "Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?," Journal of Public Economics, Elsevier, vol. 65(2), pages 147-162, August.
    5. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," Review of Economic Studies, Oxford University Press, vol. 32(2), pages 137-150.
    6. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
    7. Uzawa, H, 1969. "Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 77(4), pages 628-652, Part II, .
    8. van Wijnbergen, Sweder, 1987. "Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 691-706, October.
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    Cited by:

    1. Carlos Augusto Olarte Bacares, 2014. "Are public transport improvements endogenous with respect to employment and income location in a city?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00973398, HAL.
    2. repec:hal:journl:halshs-00973398 is not listed on IDEAS
    3. Gani Aldashev & Serik Aldashev & Timoteo Carletti, 2014. "On Convergence in the Spatial AK Growth Models," Papers 1401.4887,
    4. Monga Célestin, 2017. "Working Paper 261 - Post-Macroeconomics: Some Theoretical and Analytical Issues," Working Paper Series 2372, African Development Bank.
    5. Néstor Duch Brown, 2007. "The empirics of spatial competition: evidence from european regions," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2007(1), pages 35-60.
    6. Giovanni Covi, 2016. "Local Systems’ Strategies Copying with Globalization: Collective Local Entrepreneurship," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(2), pages 513-525, June.
    7. Alexandru Ionut ROJA & Alexandru Marian NASTASE, 2012. "Perspectives and Distinctive Particularities of Collaborative Networks," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 501-510, October.
    8. Sophie BOUTILLIER & Blandine LAPERCHE & Dimitri UZUNIDIS, 2011. "Entrepreneurs Et Reconversion Des Territoires L'Exemple De Dunkerque Milieu Industrialo-Portuaire (Nord, France) Entrepreneurs And Territories Reconstruction The Case Of The Industrial And Port Milieu," Working Papers 242, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    9. Tingqiang Chen & Xindan Li & Jining Wang, 2015. "Spatial Interaction Model of Credit Risk Contagion in the CRT Market," Computational Economics, Springer;Society for Computational Economics, vol. 46(4), pages 519-537, December.
    10. Head, Keith & Mayer, Thierry, 2014. "Gravity Equations: Workhorse,Toolkit, and Cookbook," Handbook of International Economics, Elsevier.
    11. David Baqaee, 2016. "Cascading Failures in Production Networks," 2016 Meeting Papers 402, Society for Economic Dynamics.
    12. Nuno Carlos Leitão, 2013. "The Impact of Immigration on Portuguese Intra-Industry Trade," Working Papers 2013.20, Fondazione Eni Enrico Mattei.
    13. Zhu Wang & Daniel Yi Xu, 2008. "Network Effects and Geographic Concentration of Industry," Working Papers 08-14, NET Institute, revised Sep 2008.
    14. Karl, H., 1999. "Globalisierung des Wettbewerbs – Rückwirkungen auf den ländlichen Raum," Proceedings "Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.", German Association of Agricultural Economists (GEWISOLA), vol. 35.
    15. Carlos Augusto Olarte Bacares, 2013. "Do public transport improvements increase employment and income in a city?," ERSA conference papers ersa13p1040, European Regional Science Association.
    16. Berdegué, Julio A. & Bebbington, Anthony & Escobal, Javier, 2015. "Conceptualizing Spatial Diversity in Latin American Rural Development: Structures, Institutions, and Coalitions," World Development, Elsevier, vol. 73(C), pages 1-10.
    17. Sophie BOUTILLIER & Godefroy KIZABA, 2011. "La création de très petites entreprises, territoire et relations sociales. enquête dans la région du Nord-pas de calais (France) CREATION OF VERY SMALL ENTERPRISES, TERRITORY AND SOCIAL RELATIONSHIPS ," Working Papers 244, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    18. Jinhwan Oh, 2012. "Spatial adaptation of the MSV model, with special reference to world development report 2009 and Korean examples," Letters in Spatial and Resource Sciences, Springer, vol. 5(1), pages 33-45, March.
    19. Sinan Esen & Korhan Gokmenoglu, 2016. "Financial Centres Index and GDP Growth," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(4), pages 198-206, April.

    More about this item


    economic geography; development theory;

    JEL classification:

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


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