Journal
JOURNAL OF ECONOMIC GEOGRAPHY
Volume 6, Issue 3, Pages 273-302Publisher
OXFORD UNIV PRESS
DOI: 10.1093/jeg/lbi022
Keywords
evolutionary economic geography; new economic geography; institutional economic geography
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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.
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