Journal of Economic Perspectives: Vol. 12 No. 2 (Spring 1998)


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Space: The Final Frontier

Article Citation

Krugman, Paul. 1998. "Space: The Final Frontier." Journal of Economic Perspectives, 12(2): 161-174.

DOI: 10.1257/jep.12.2.161


Traditionally, until the early 1990s, spatial economics -- the study of where economic activity takes place and why -- was pretty much neglected. Even now not one of the best-selling introductory textbooks in economics contains a single index entry for "location," "space," or "regions." In the last six or seven years, however, interest in spatial economics has surged. In this article I will try to summarize briefly the reasons for that surge; the key elements of the so-called "new economic geography;" the current state of research; and the prospects and difficulties facing this subfield of economics.

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Krugman, Paul (MIT)

JEL Classifications

R10: General Regional Economics (includes Regional Data


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