An Introduction to Regional Economics Edgar M. Hoover and Frank Giarratani
This
book is designed primarily to serve as a college text for the student's first
course in regional economics, at either the upperclass or the graduate level
and running for either one or two terms. It presupposes no previous exposure to
regional economics as such, nor anything beyond a minimal background in basic
economics, nor any advanced mathematical expertise. Most of the book, and all
of its essential content, should be comprehensible to the "intelligent layman."
The wide range of topics covered is intended to serve the needs of the student
who will not be going on to more advanced and specialized courses in the
regional field; those who do use it as a stepping stone to such later work will
find here some useful previews of questions (especially in regional growth
analysis and in urban economics) to which they will be addressing themselves
more intensively later.
Readers already acquainted with regional economics may notice two
points on which there is more emphasis in this book than in most similar
works.
One
of these is the generality of the principles of the location of
activities. Some location theories have been framed in terms of manufacturing
industries alone, and others more broadly in terms of business in a freely
competitive economy. We have tried to extend the coverage to such nonbusiness
activities as nonprofit and public institutions and their services, as well as
residence; and we use the term "activity" rather than "industry" to signal
these wide terms of reference. Similarly, we have adopted the broadest possible
extension of the idea of transportation to embrace conveyance not only of goods
but also of such intangibles as services, energy, and information. The broad
term "transfer" signals this extension.
Second, we have tried to maintain some of the balance and symmetry
between supply and demand that is so dear to the economist's heart.
Various formulations of location theory, spatial competition, and regional
economic growth have been subject to criticism on the ground that they are too
exclusively concerned with demand or with supply. We have tried consistently to
see and show both sides of the picture, as will be evident particularly in some
of the early chapters on location theory and in the treatment of regional
growth processes in Chapter 11.
This
book gives some attention to the "microlocational" problem of location choice
by the individual business firm or other unit but is not designed to compete
with the many excellent manuals providing advice on how to go about finding a
profitable location. It is, we hope, somewhat more directly relevant to the
concerns of planners and public policy makers. But it is really most explicitly
addressed to that ultimate policy maker, the informed and responsible
citizen.
We
have tried to rely on principles of economic analysis, so as to expose
underlying assumptions and their implications. Sections of the book concerning
location and the theory of production, spatial pricing and market areas,
agglomeration economies, and residential location reflect this emphasis most
clearly. Other topics include discussions of the effects of higher energy
prices and technological advances in electronics and communications on location
decisions, the nonmetropolitan turnaround in population growth, techniques for
regional delineation, regions in transition, and the problems of urban poverty
and fiscal distress in central cities.
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