In conventional economic theory, a trade-off supposedly exists between social justice and economic efficiency. In reality, market and other economic institutions are dominated by power relations, so that the sponsorship of social justice is a productive factor. Neo-liberal economic policies, by...

Over the past few years, a new 'geographical' economics has emerged, focused on the spatial agglomeration of industry and the long-run convergence of regional incomes. Several leading names are associated with this 'geographical turn,' including Paul Krugman, Michael Porter, Robert Barro, and W....