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Economic Theory and Human Geography

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Human Geography

Abstract

Although economic geography has existed as an identifiable subdiscipline for close on a century, it is only since the Second World War that its intellectual history has been closely shaped by economics. Nevertheless, by the mid-1980s economic geography appeared to have matured into a stable and well-structured field of academic endeavour, organised around two primary and interrelated research programmes, focusing respectively on industrial location dynamics and the process of uneven regional development, and using concepts and theories from neoclassical, Keynesian and Marxian economics. Not surprisingly, given the quite different ‘world views’ that characterise these three main competing schools of modern economic thought (see Wolff and Resnick, 1987; Cole, Cameron and Edwards, 1991), this theoretical trigemony within economic geography produced contrasting and conflicting analyses of the space economy. However, underpinning these diverse and contrasting accounts there were certain shared assumptions, principles and aspirations, which, even if rarely acknowledged, served to impart an underlying unity to economic geography as it evolved from the mid-1950s to the mid-1980s.

No existing theory explains the main economic events [since] 1979…. Nor could it have predicted them. Reality has outgrown existing theories…. To give us a functioning economic theory we need a new synthesis that simplifies. But so far there is no sign of it. And if no such synthesis emerges we may be at the end of economic theory. There may then be only economic theorems, that is formulae and formulations that describe this or that problem rather than present economics as a coherent system.

P. Drucker, The New Realities

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Authors
  1. Ron Martin
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Editors and Affiliations

  1. University of British Columbia, UK

    Derek Gregory (Professor of Geography, Lecturer in Geography, Fellow of Sidney Sussex College) (Professor of Geography, Lecturer in Geography, Fellow of Sidney Sussex College)

  2. University of Cambridge, UK

    Derek Gregory (Professor of Geography, Lecturer in Geography, Fellow of Sidney Sussex College), Ron Martin (Lecturer in Geography, Fellow of St Catharine’s College) & Graham Smith (Lecturer in Geography, Fellow of Sidney Sussex College) (Professor of Geography, Lecturer in Geography, Fellow of Sidney Sussex College),  (Lecturer in Geography, Fellow of St Catharine’s College) &  (Lecturer in Geography, Fellow of Sidney Sussex College)

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© 1994 Tim Bayliss-Smith and Susan Owens

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Martin, R. (1994). Economic Theory and Human Geography. In: Gregory, D., Martin, R., Smith, G. (eds) Human Geography. Palgrave, London. https://doi.org/10.1007/978-1-349-23638-1_2

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