Theoretical Background and Influences
The subject matter investigated is strongly influenced by the researcher's methodological approach. Neoclassical location theorists, following in the tradition of Alfred Weber, tend to focus on industrial location and use quantitative methods. Since the 1970s, two broad reactions against neoclassical approaches have significantly changed the discipline: Marxist political economy, growing out of the work of David Harvey; and the new economic geography which takes into account social, cultural, and institutional factors in the spatial economy.
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Economists such as Paul Krugman and Jeffrey Sachs have also analyzed many traits related to economic geography. Krugman has gone so far as to call his application of spatial thinking to international trade theory the "new economic geography", which directly competes with an approach within the discipline of geography that is also called "new economic geography". The name geographical economics has been suggested as an alternative.
Read more about this topic: Economic Geography
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