Summary of the Discussion
A special purpose of the symposium had been to assemble economists and economic geographers to compare approaches to the analysis of the international allocation of economic activity. This session took advantage of the opportunity for the two disciplines to develop an ‘informal communications network and to gain from trade’, as Max Corden put it. The first issue discussed was whether location theory and trade theory tried to solve the same set of problems with different approaches or addressed different problems. Both views were advanced. The papers by Allan Pred and Walter Isard, as well as the Comments upon them, explored the cumulative nature of economic agglomerations and the consequent advantages of being a first comer. The discussants scrutinised the relevance of these concepts for the subject of the symposium. This session was chaired by Lawrence R. Klein.
KeywordsTransport Cost Locational Decision Location Theory Agglomeration Economy Trade Theory
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- 1.Cf. Walter Christaller, Central places in Western Germany (translated from: Die Zentralen Orte in Süddeutschland by Carlisle W. Baskin, Englewood Cliffs, N.J., 1966); August Lösch, The Economics of Location (translated from the 2nd Edition of the Räumliche Ordnung der Wirtschaft; eine Untersuchung über Standort, Wirtschaftsgebiete und Internationalen Handel) (New Haven and London, 1954); Bernhard Harms, Volkswirtschaft und Weltwirtschaft, Versuch einer Begründung einer Weltwirtschaftslehre (National Economy and World Economy, a Suggested Justification for World Economics) (Jena, 1912); Fritz Rörig, Mittelalterliche Weltwirtschaft — Blüte and Ende einer Weltwirtschaftsperiode (Mediaeval World Economy — Flowering and Decay of a World Economic Period) (Jena, 1933, Kieler Vorträge Nr. 40).Google Scholar