GGR209H5 Lecture Notes - Lecture 1: Central Place Theory, Tsukiji Fish Market, Neoclassical Economics
Document Summary
Beginnings of commercial geography; emphasis on describing activities in distant" places around the globe and their potential for trade. Dramatic shift away from the description of unique places towards the exploration of activities across space in terms of general laws and principles drawn from neoclassical economic theory. Geographic variations in economic activity result from the. Markets transform over time with respect to location, nature, and interplay of local and global forces organization of economic activities exchange interaction distribute products and over space as a value chain. Key institutions because they provide the mechanisms of. Form in places because they reduce the transaction costs of. Form over space to access resources, capital, and labour and to. Are organized through the division of labour and among places. Means by which people organize their interactions. Formal institutions are written or codified policies and. Vary in size and authority from a national or social level to. Engage with the market in diverse ways.
