The paper explains the commonalities and differences between neoclassical, institutional and evolutionary approaches that have been influential in economic geography during the last couple of decades. By separating the three approaches in terms of theoretical content and research methodology, we can appreciate both the commonalities and differences between the three approaches. It is also apparent that innovative theorizing currently occurs at the interface between neoclassical and evolutionary theory (especially in
modelling) and at the interface between institutional and evolutionary theory (especially in ‘appreciative theorizing’). Taken together, we argue that Evolutionary Economic Geography is an emerging paradigm in economic geography, yet does so without isolating itself from developments in other theoretical approaches.
|Title of host publication||Economy : critical essays in human geography|
|Place of Publication||Aldershot|
|Number of pages||558|
|Publication status||Published - 2008|
|Name||Contemporary foundations of space and place|