Journal of Economic Geography Advance Access originally published online on June 18, 2007
Journal of Economic Geography 2007 7(5):537-548; doi:10.1093/jeg/lbm021
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© The Authors (2007). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org
Editorial: Constructing an evolutionary economic geography
Department of Economic Geography,
Faculty of Geosciences,
Utrecht University,
NL-3508 TC, Netherlands.
email < r.boschma@geo.uu.nl>
Department of Geography,
University of Cambridge,
Cambridge CB2 3EN,
UK.
email < rlm1@cam.ac.uk>
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1. Taking evolution seriously in economic geography |
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Change is one of capitalism's constants. As a mode of economic organization, capitalism never stands still. Its central imperative—the search for profit and wealth creation—drives a perpetual process of economic flux. Every day new firms, new products, new technologies, new industries and new jobs are added to the economy, whilst old firms, products, technologies, industries and jobs disappear. Joseph Schumpeter once famously described this constant flux as a process of ‘creative destruction’ that ‘incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’ (1942, 82). The economy, in other words, evolves.
Traditionally, economists have not accorded much attention to this issue: in mainstream theory, for example, any notion of dynamics is limited to the ineluctable movement of an abstract economy, in abstract time, to some ex ante equilibrium state, regardless of where it started from. But over the past two
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2. Explorations in evolutionary economic geography: the contributions |
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3. Taking the project forward |
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