Regional Political Economy
Regional analysis — the study of human activity over geographic space — has been guided predominantly by neoclassical economics, with an added spatial or geographic dimension. Walter Isard formalized this mode of regional analysis in the 1950s, under the name regional science. More recently, another approach to regional analysis has emerged — with its roots in classical political economy rather than neoclassical economics.2 It was developed largely during the 1970s, under the name regional political economy.
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