Classical theories -- Puzzles -- Stylized facts -- What matters -- What doesn't matter -- Aspects of general equilibrium -- General utility -- Consumption smoothing -- Local substitution -- Production -- Output -- Firms -- Inputs -- Smoothed output -- Units and unit value -- Consumption --...

One approach to urban areas emphasizes the existence of certain immutable relationships, such as Zipf's or Gibrat's Law. An alternative view is that urban change reflects individual responses to changing tastes or technologies. This paper examines almost 200 years of regional change in the U.S....

Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...