As seen in the "New York Times" Week in Review, "Harper's Magazine," and discussed on NPR's Marketplace.

"The Trouble is the Banks" collects 150 letters that Americans (and one Canadian) wrote directly to executives and directors of five big banks in fall 2011, at a time when protests were emerging in Occupy Wall Street camps across the United States. These writers speak as citizens to citizens, making an unprecedented portrait of ordinary Americans' experiences of the financial crisis since 2007. Here is the speech of the People, not any authority above them.

From the letters:

"I read today . . . that the average bank executive makes 225 times what the average teacher makes. I ask you, Barbara: How many of me do you really think you are worth to the world?"

"Just wanted to give you a pat on the back for collecting over $4,000 from a friend of mine on a Chase credit card with a $500 limit. It was a great example of the innovation in your industry "

"We're not disaffected hippies. We're the disaffected middle class. And we're huge."

Amongst intellectuals and activists, neoliberalism has become a potent signifier for the kind of free-market thinking that has dominated politics for the past three decades. Forever associated with the conviction politics of Ronald Reagan and Margaret Thatcher, the free-market project has since become synonymous with the 'Washington consensus' on international development policy and the phenomenon of corporate globalization, where it has come to mean privatization, deregulation, and the opening up of new markets. But beyond its utility as a protest slogan or buzzword as shorthand for the political-economic Zeitgeist, what do we know about where neoliberalism came from and how it spread? Who are the neoliberals, and why do they studiously avoid the label? Constructions of Neoliberal Reason presents a radical critique of the free-market project, from its origins in the first half of the 20th Century through to the recent global economic crisis, from the utopian dreams of Friedrich von Hayek through the dogmatic theories of the Chicago School to the hope and hubris of Obamanomics. The book traces how neoliberalism went from crank science to common sense in the period between the Great Depression and the age of Obama. Constructions of Neoliberal Reason dramatizes the rise of neoliberalism and its uneven spread as an intellectual, political, and cultural project, combining genealogical analysis with situated case studies of formative moments throughout the world, like New York City's bankruptcy, Hurricane Katrina, and the Wall Street crisis of 2008. The book names and tracks some of neoliberalism's key protagonists, as well as some of the less visible bit-part players. It explores how this adaptive regime of market rule was produced and reproduced, its logics and limits, its faults and its fate.

Why do some companies stay out of stock markets? How crucial are stock markets for competition between financial centres? How can local information help investors outperform the market? Whilst mainstream financial economics treats stock markets as consisting of anonymous actors interacting in space, with no consideration of the friction caused by distance or geography, this book offers a comprehensive and up-to-date picture of the global stock market by focusing on the relationships between issuers, investors, and intermediaries, and how these relationships impact on the performance of stock markets and the economy of cities, countries, and the world. The book uses rich data and global case studies to examine the rise of emerging markets, the impact of the global financial crisis, the revolution in the stock exchange business model, and the continued dominance of London and New York as stock market centres. Drawing on economic geography, financial economics, sociology, history, and globalization studies, the book explores the geographical constitution and footprint of stock markets and contributes to the broader debate on the role of stock markets in the global economy. Its conclusions are relevant to investors, companies issuing stocks, exchanges, analysts, investment banks, and policy-makers.

Complex systems analysis has become a fascinating topic in modern research on non-linear dynamics, not only in the physical sciences but also in the life sciences and the social sciences. After the era of bifurcation theory, chaos theory, syn- getics, resilience analysis, network dynamics and evolutionary thinking, currently we observe an increasing interest in critical transitions of dynamic real-world systems in many disciplines, such as demography, biology, psychology, economics, earth sciences, geology, seismology, medical sciences, and so on. The relevance of this approach is clearly re?ected in such phenomena as traf?c congestion, ?nancial crisis, ethnic con?icts, eco-system breakdown, health failures, etc. This has prompted a world-wide interest in complex systems. Geographical space is one of the playgrounds for complex dynamics, as is witnessed by population movements, transport ?ows, retail developments, urban expansion, lowland ?ooding and so forth. All such dynamic phenomena have one feature in common: the low predictability of uncertain interrelated events occurring at different interconnected spatio-temporal scale levels and often originating from different disciplinary backgrounds. The study of the associated non-linear (fast and slow) dynamic transition paths calls for a joint research effort of scientists from different disciplines in order to understand the nature, the roots and the con- quences of unexpected or unpredictable changes in complex spatial systems.

Thisbookisbasedonpaperspresentedataninternationalworkshoporganisedin Jonkoping,Sweden,inJune2005tocelebratethe60thbirthdayofProfessorBorje .. Johansson-adearfriendandadmiredcolleagueofours. Thebookprovidesa limited sample of Borje Johansson's broad ranging research interests. In this volume, some of his friends and colleagues have contributed chapters on the themeof"Innovation,DynamicRegions,andRegionalDynamics". Thisisa?eld ofresearchinwhichBorjeJohanssonhasbeenagreatinspirationtousall,andto whichhehim-selfhascontributedwithcharacteristicenthusiasmandinsightaspart ofhisprodigiousoutput. TheworkshopandthecreationofthisbookweresponsoredbytheAlfaSavings BankFoundationinJonkoping,JonkopingInternationalBusinessSchool,andthe SchoolofPublicPolicy,GeorgeMasonUniversity,Fairfax,VA. Wethankthemfor theirgeneroussupport. TheauthorsandtheeditorsthankKerstinFerroukhiforall her efforts to organise the workshop and Ulla Forslund-Johansson and Uma Kelekarforworkingtirelesslytogetthepapersrefereedandrevised,toputtogether multipleeditsofthisbookandforpreparingitforthepublisher. Itwouldhavebeen impossibletoproducethisbookwithouttheirdedicatedwork. Sweden CharlieKarlsson Sweden AkeE. Andersson UK PaulCheshire USA RogerRStough v Contents 1 Innovation,DynamicRegionsandRegionalDynamics...1 ? CharlieKarlsson,AkeE. Andersson,PaulCheshire,andR. R. Stough 2 ThePureTheoryofSpatialMarkets...35 MartinBeckmann 3 Smith-RicardoSpecializationinthePresenceofTiringEffects...47 TonuPuu 4 DynamicsofInnovationFieldswithEndogenousHeterogeneity ofPeople ...59 MasahisaFujita 5 EconomicsofCreativity ...79 ? AkeE. Andersson 6 SimpleMemesandComplexCulturalDynamics ...97 DavidBattenandRogerBradbury 7 TheFashioningofDynamicCompetitiveAdvantageof EntrepreneurialCities:RoleofSocialandPolitical Entrepreneurship ...107 LataChatterjeeandT. R. Lakshmanan 8 TheSocialCapitalofRegionalDynamics:APolicyPerspective...121 HansWestlund 9 HiddenOrderinTraf?cFlowsUsingApproximateEntropy: AnIllustration...143 KingsleyHaynes,RajendraKulkarni,andRogerStough vii viii Contents 10 RegionalInput-OutputwithEndogenousInternalandExternal NetworkFlows...161 JohnR. RoyandGeoffreyJ. D. Hewings 11 RegionalUnemploymentandWelfareEffectsoftheEU TransportPolicies:RecentResultsfromanAppliedGeneral EquilibriumModel ...177 ArtemKorzhenevychandJohannesBrocker 12 InfrastructureProductivitywithaLongPersistentEffect...1 97 TsukaiMakotoandKobayashiKiyoshi 13 ScienceParksandLocalKnowledgeCreation:AConceptual ApproachandanEmpiricalAnalysisinTwoItalianRealities ...221 RobertaCapelloandAndreaMorrison 14 TheLowParticipationofUrbanMigrantEntrepreneurs: ReasonsandPerceptionsofWeakInstitutionalEmbeddedness...247 EnnoMasurelandPeterNijkamp 15 TheLocationofIndustryR&DandtheLocationofUniversity R&D:HowAreTheyRelated?...267 CharlieKarlssonandMartinAndersson 16 GrowingUrbanGDPorAttractingPeople?DifferentCauses, DifferentConsequences ...291 PaulCheshireandStefanoMagrini 17 Urban-RuralDevelopmentinSweden...317 JohanKlaessonandLarsPettersson 18 Patents,PatentCitationsandtheGeographyofKnowledge SpilloversinEurope...331 ManfredMFischer,ThomasScherngell,andEvaJansenberger 19 Co-authorshipNetworksinDevelopmentofSolarCellTechnology: InternationalandRegionalKnowledgeInteraction ...347 KatarinaLarsen 20 Off-shoringofWorkandLondon'sSustainabilityasan InternationalFinancialCentre ...373 IanGordon,ColinHaslam,PhilipMcCannandBrianScott-Quinn 21 TheGenesisandEvolutionoftheStockholmMusicCluster ...385 PontusBraunerhjelm Index ...409 Contributors ? AkeE. Andersson ? JonkopingInternationalBusinessSchool,JonkopingUniversity,Hogskoleomradet, Gjuterigatan5,55318Jonkoping,Sweden,Ake. Andersson@ihh. hj. se MartinAndersson ? JonkopingInternationalBusinessSchool,JonkopingUniversity,Hogskoleomradet, ...Gjuterigatan5,55318Jonkoping,Sweden,Martin. Andersson@ihh. hj. se DavidBatten The Temaplan Group and CSIRO, CSIRO Marine and Atmospheric Research, PrivateBag1,Aspendale,Victoria3195,Melbourne,Australia David. Batten@csiro. au MartinBeckmann EconomicsDepartment,BrownUniversity,64Waterman StreetProvidence,RI 02912,USA,Lauren_Gallo@brown. edu RogerBradbury TjurungaandtheAustralianNationalUniversity,9ScottStreet,Narrabundah,ACT 2604,Canberra,Australia PontusBraunerhjelm DepartmentofEconomics,TheRoyalInstituteofTechnology,DrottningKristinas Vag30,10044Stockholm,Sweden,pontusb@infra. kth. se JohannesBrocker Institute for Regional Research, University of Kiel, Olshausenstrasse 40, 24098 Kiel,Germany RobertaCapello DepartmentofManagement,EconomicsandIndustrialEngineering,Politecnico diMilano,ViaGiuseppeColombo40,20133Milano,Italy Roberta. Capello@polimi.

Space is increasingly recognized as a legitimate factor that influences many processes and conceptual frameworks, including notions of spatial coherence and spatial heterogeneity that have been demonstrated to provide substance to both theory and explanation. The potential and relevance of spatial analysis is increasingly understood by an expanding sphere of cogent disciplines that have adopted the tools of spatial analysis. This book brings together major new developments in spatial analysis techniques, including spatial statistics, econometrics, and spatial visualization, and applications to fields such as regional studies, transportation and land use, political and economic geography, population and health. Establishing connections to existing and emerging lines of research, the book also serves as a survey of the field of spatial analysis and its links with related areas.

This book provides a multidimensional analysis of Iran's struggle for development between 1970 and 2020, focusing on fundamentals, institutions, and socioeconomic trends. The past several decades in Iran have been a period of sluggish and noninclusive economic growth, ill-fated social engineering with an Islamic template, political repression, and extensive environmental degradation. The intellectual discourse surrounding the impediments of growth in Iran has been dominated by an exaggerated notion of the role of ideology, class struggles, imperialism, and historical contingencies, overlooking the profound impacts of institutions and fundamental socioeconomic trends. This book aims to fill this gap using positive economics and data-driven analysis to cover a wide array of topics, such as governance, corruption, macroeconomy, population dynamics, labor, financial systems, energy, water scarcity, and food security. Illustrating clearly the complex interactions among different dimensions of Iran's development, this book will be essential for researchers, policy makers, and journalists.

The issue of maintaining a balanced relationship between tourism and the environment has received considerable attention since the 1970s. However, only in the 1980s and 1990s did it become a topic of systematic academic inquiry and research, distinguished from the broader area of the environmental impacts of recreation and leisure activities. This volume dwells on the environmental and economic impacts of tourism and is divided as follows: Part 1: Introduction and Overview Part 2: Tourism and the Environment: General Considerations Part 3: Regional Issues Part 4: Economic Issues Part 5: Policy Issues The work is complemented by a subject index.

Regional Science is now more than 50 years old; in the last two decades, significant advances in methodology have occurred, spurred in large part by access to computers. The range of analytical techniques now available is enormous; this books provides a sampling of the toolkit that is now at the disposal of analysts interested in understanding and interpreting the complexity of the spatial structure of sub- national economies. The set of tools ranges from the more traditional (input-output) to new developments in computable general equilibrium models, nonlinear dynamics, neural modelling and innovation.

This book offers insight into important trends in the global travel and tourism industry and analyzes developments in the aviation and hospitality industry and destination management. The most recent developments in marketing and sales as well as in travel technology and business travel are of key importance for managing travel and tourism companies. The articles are based on presentations and panel discussions presented at the world?'s largest tourism convention, the ITB Convention Market Trends & Innovations.

Locational research has long been concerned with industrial plants and the site selection of retail stores. The major determinants and decision processes now seem to be fairly well understood. Con sequently, the research frontier in retailing has shifted to a higher spatial level, the location of stores in the regional and national context. Certainly, stores tend to be found where the population is, but beyond this obvious truth it is by no means outright clear how retailing companies with different formats and home bases perceive space and how space affects their performance, if at all. When the question is put this way, what appears trivial at first undergoes a change and seems now complex enough to be worth a closer look. It need not be true, to cite the most obvious of examples, that regions which are attractive as places of living for high-school and college students, the custom ary data base, are also worthwhile from the business point of view. No attempt is made here to pen etrate the topic at analytical depth. The ambition is simply to discover, with the help of numerous descriptive examples, whether any order does exist in the high-level spatial behavior of retailing companies."

This book offers insight into important trends in the global travel and tourism industry and analyzes developments in the aviation and hospitality industry, destination management and general travel behavior. The articles are based on presentations and panel discussions presented at the world's largest tourism convention, the ITB Convention Market Trends and Innovations.

Corporate Geography examines the spatial structures and behaviour of large business organizations. Corporations are key operational units of economies. Each corporation has several locations and connections to suppliers and customers who also operate in geographical space. The effectiveness of corporate spatial organizations is of importance for their well-being and for the health of the national and local economies in which they operate. This volume discusses where and why firms locate units of production, sales and control and how these interact with each other, with suppliers and with customers. The foundations are from commercial geography, business economics and location theory, but there are some unique characteristics. One is the blending of manufacturing and retailing in one treatise. Another is the extensive use of real-company case studies which illustrate both the basic concepts and the inadequacies of existing models. Corporate managers can relate to the experiences of actual companies. This book is of interest to scientists, researchers and professionals in economic geography, business administration, general management, microeconomies, industrial organization and economic planning.

As other industries, the global travel and tourism industry has been facing immense challenges and highly visible upheaval since the beginning of the new millennium. The International Tourism Exchange ITB Berlin, the world's leading travel trade show, aims at pinpointing the most important challenges, identifying the trends and offering a platform to solve pressing problems. The ITB Convention Market Trends & Innovations has developed into a centre of excellence and a driving force for the global travel and tourism industry, generating a much needed information platform. This compilation unites the highlights of the convention in articles prepared by renowned professionals and scientists from the industry. Readers may benefit from this comprehensive vision of the developments that are shaping the structure of the global tourism industry today and in the future. This book is indispensable for tourism and travel professionals as well as for academics and students anal- ing current global tourism and travel trends.

Cities form one of the principal arenas in which globalization processes are manifest. Much of the interest in the urban outcomes of globalization is focused on a limited number of iconic 'global' or 'world' cities. Most places however will never attain that status. They are more likely to play limited and specialized roles in a world economy increasingly dominated by flows. Emerging Nodes in a Global Network looks at the temporal and volatile ways in which two such cities, Frankfurt and Tel Aviv, engage the global economy. The central thesis of the book contends that the current round of globalization is characterized by places selectively functioning as nodes within global networks. Drawing on a combination of qualitative and quantitative empirical studies of leading sectors in Frankfurt and Tel Aviv (financial and business services, high technology, air transportation, tourism and cultural industries), the process of network formation is systematically analyzed and the role of national and regional policy is highlighted.
Audience: This book will be of major interest to academics, researchers, practitioners and policy makers in the areas of urban and economic geography, public policy and economic development. It also provides valuable material for government officials and regional and national agencies involved in metropolitan planning and development.

Jan Lambooy retired in October 2002. When Jan was asked how he wanted to celebrate this occasion, he was adamant that no great festivities should take place. Characteristically, Jan wanted just a scientific conference so he "could learn something from it" and, as he insisted, no great festivities. So that is what we did and a conference was organised in Amsterdam on 25 October 2002, hosted by the Faculty of Economics and Econometrics of the University of Amsterdam. Friends of Jan's from academia in the Netherlands and abroad participated and thus paid homage to Jan, both as a scientist and as a person. We are now very proud to present this festschrift, firstly as the palpable result of this conference and secondly as a token of sincere respect and great affection for Jan. Edited volumes run the danger of being a hotchpotch of contributions on a wide variety of topics. Here, we have explicitly focused on a central theme in contemporary economic geography and regional science, namely the relationship between learning, innovation and clustering. Internationally renowned scientists made both theoretical and empirical contributions to this volume. We think this book constitutes a broad palette of contemporary thinking and research on the relationship between spatial concentration and innovation and hope it will play a significant role in future debates on this issue.

The last four decades have seen major changes in the global economy, with the collapse of communism and the spread of capitalism into parts of the world from which it had previously been excluded. Beginning with a grounding in Marxian political economy, this book explores a range of new ideas as to what economic geography can offer as it intersects with public policy and planning in the new globalised economy. Approaches to Economic Geography draws together the formidable work of Ray Hudson into an authoritative collection, offering a unique approach to the understanding of the changing geographies of the global economy. With chapters covering subjects ranging from uneven development to social economy, this volume explores how a range of perspectives, including evolutionary and institutional approaches, can further elucidate how such economies and their geographies are reproduced. Subsequent chapters argue that greater attention must be given to the relationships between the economy and nature, and that more consideration needs to be given to the growing significance of illegal activities in the economy. The book will be of interest to students studying economic geography as well as researchers and policy makers that recognise the importance of the relationships between economy and geography as we move towards a sustainable future economy and society. Winner of the Regional Studies Association Best Book Award 2017.

Research interest in the service sector has boomed in recent years as deindustrialisation became entrenched. Instead of being regarded as merely supplementary to traditional industry and manufacturing, services have generated progressively rising levels of growth in developed economies while at the same time coming to be recognised as major drivers of innovation. Among the factors which have helped service companies notch up swifter growth rates than all other sectors are the outsourcing of such services by other sectors, including the development of information and communication technologies, and changes to the regulatory, legal and market frameworks as well as globalisation and internationalisation. The result is a cluster of highly innovative firms which can loosely be grouped under the heading of Knowledge Intensive Business Services (KIBS). Knowledge Intensive Business Services and Regional Competitiveness charts the development of these firms and explores their success through four mutually linked parts: KIBS and industrial dynamics; KIBS and their context; KIBS and their contribution to regional competitiveness and economic development; and finally, KIBS and public policy. This book is suitable for researchers and policy makers interested in the rise of these influential actors and their influence on regional competitiveness.

Various theories have been put forward as to why business and industry develops in clusters and despite good work being carried out on path dependence and dynamics, this is still very much an emerging topic in the social sciences. To date, no overarching theoretical framework has been developed to show how clusters evolve. Unfolding Cluster Evolution aims to address this gap by presenting theoretical and empirical research on the geography of innovation. This contributed volume seeks to shed light on the understanding of clusters and its dynamic evolution. The book provides evidence to suggest that traditional perspectives from evolutionary economic geography need to be wedded to management thinking in order to reach this point. Bringing together thinking from a range of disciplines and countries across Europe, this book explores a wide range of topics from the capability approach, to network dynamics, to multinational corporations, to firm entry and exit and social capital. This book will be of interest to policy makers and students of urban studies, economic geography, and planning and development.

Spatial econometrics deals with spatial dependence and spatial heterogeneity, critical aspects of the data used by regional scientists. These characteristics may cause standard econometric techniques to become inappropriate. In this book, I combine several recent research results to construct a comprehensive approach to the incorporation of spatial effects in econometrics. My primary focus is to demonstrate how these spatial effects can be considered as special cases of general frameworks in standard econometrics, and to outline how they necessitate a separate set of methods and techniques, encompassed within the field of spatial econometrics. My viewpoint differs from that taken in the discussion of spatial autocorrelation in spatial statistics - e.g., most recently by Cliff and Ord (1981) and Upton and Fingleton (1985) - in that I am mostly concerned with the relevance of spatial effects on model specification, estimation and other inference, in what I caIl a model-driven approach, as opposed to a data-driven approach in spatial statistics. I attempt to combine a rigorous econometric perspective with a comprehensive treatment of methodological issues in spatial analysis.

Northern Ireland's problems are rooted in physical and historical geography: small resource base, peripheral location, violent conquest, repression and ruthless emargination of the native population by the Protestant settlers. At the time of partition, many areas already had a Catholic majority, and the Catholic population is increasing faster, thereby undermining the Protestant position. Britain gains no advantage by keeping Northern Ireland. Nevertheless, this solution is not going to be cheap, not merely because of opposition by Protestant loyalists, but also because of the economic weakness of both Irelands. Unlike other books on the subject, this one goes to the heart of the matter: Britain would be serving her own interest by easing reunification of Ireland, albeit gradually and cautiously. In this perspective, the conclusion is that history is inexorably moving beyond Northern Ireland. Audience: European Community administrators and planners, diplomats, politicians, students in Political Science, Economics, History and Geography.

Freer Trade, Sustainability, and the Primary Production Sector in the Southern European Union is the first full-scale academic work to cap ture the primary production sector policy aspects of trade liberaliza tion and sustainability with a detailed focus on a typical southern EU country, Greece. Many efforts were pooled together in making this book. In May 1996 the Department of Economics of the University of Crete organ ized an international conference on European Agriculture in the light of the recent WTO agreement and the need for sustainable develop ment. The conference was sponsored by the European Commission (DG XII, contract no ENV4-CT-96-6514), the Economic and Social Research Council (ESRC, contract no L320263049), the Hellenic Ministries for Agriculture and for the Environment, and the University of Crete. While summarizing the conclusions of the conference, sev eral speakers felt that the issues relating to the Southern EU would de serve separate coverage. The conference directors judged that cover age of the issues for a single Southern EU country might have an ad vantage, regarding detail, over a cross country analysis which would certainly be welcome at a later stage. Responding to this call, the University of Crete generously reallo cated all of its infra-structural costs covered by DG XII, ESRC, and the other sponsors above, in the form of a new grant to host a follow-up conference aiming to explore the issues for Greece."

This is a book about the simultaneous location, production and distri bution decisions of a firm entering a competitive market whose spatial nature is describable by a network in which the market either achieves an equilibrium or is equilibrium tending. As such, the problem is of clear theoretical and practical importance, for it is a rather general version of the problem faced by real firms every day in deciding where to locate. Further, the timeliness of this subject manifests itself in the growing excitement and interest found both in the research/academic communities and in the practitioner/private industry communities for more comprehensive approaches to competitive facility location analy sis and equilibrium modeling of networks. The desire both for new conceptual approaches yielding enhanced insights and for practical methodologies to capture these insights drives this interest. While nor mative, deterministic facility location modeling techniques currently provide valuable input into the location decision-making process, re searchers and practitioners alike have realized the vast and relatively untapped potential of more advanced location decision making tech niques. In this book, we develop what we believe represents a major new line of research in the field of competitive facility location analysis; namely, equilibrium facility location modeling. In particular, this book offers a number of innovations in the mathe matical analysis and computation of solutions to location models which we have pioneered and which are collected under a single cover for the first time."

by Elisabeth Mann Borgese Founder and Honorary President International Ocean Institute Adalberto Vallega has been, for decades, a master and great teacher of integrated coastal management and Mediterranean cooperation. This new book, of an almost en cyclopaedic scope, is a most original contribution to the rapidly growing literature on the subject, of equal value to the academic community which will greatly appreciate the theoretical, historic and philosophical underpinning of the work, and to the practi tioner, the planner, regulator and manager, who will find in these pages most useful "checklists" for his duties and responsibilities. Vallega perceives the need for Integrated Coastal Area Management (ICAM) in the broader context of the ongoing third industrial revolution, which he calls the trans-industrial stage, in its interaction with climate change. There have been profound changes in the economies of the industrialized coun tries. The development of the new High Technologies, including micro-electronics, genetic engineering, new materials, has accelerated the transition from an economic system based primarily on production to one based very largely on services. This, in turn, has facilitated "globalization" of production systems and services, including the financial system, as well as the migration of people The ongoing global "Great Peo ple's Migration" is, generally, from the hinterland to the coasts where, already today, over 60 percent of the human population resides, exercising unprecedented pressures on the coastal and marine environment. Clearly, this justifies the current emphasis, at global, regional and national levels, on the need for coastal management."