On Austrian regional economics

Wim Heijman () and Auke Leen ()

Papers in Regional Science, 2004, vol. 83, issue 2, 487-493

Abstract: The aim of this research note is two-fold, firstly, to clarify the growing interaction between regional science and Austrian economics and their awareness of each other. We elucidate the Austrian methodology, called praxeology, which is especially misunderstood in regional science. Secondly, we tentatively sketch a possible contribution of Austrian economics to regional science. The core of the new economic geography is the idea of external economies of scale. Agglomeration of firms often leads to lower costs of existing products, and is a stimulating environment for the invention of new products and the development of new ideas. Austrian economics, which places discovery at the centre of its analysis of the market process, should be able to explain why (public) regional investments may be unsuccessful and why they can be successful. Copyright Springer-Verlag Berlin/Heidelberg 2004

Keywords: Austrian economics; methodology; regional science; regional policy (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:presci:v:83:y:2004:i:2:p:487-493

Ordering information: This journal article can be ordered from
http://www.springer. ... cience/journal/10110

DOI: 10.1007/s10110-003-0193-8

Access Statistics for this article

Papers in Regional Science is currently edited by Raymond J.G.M. Florax

More articles in Papers in Regional Science from Springer, Regional Science Association International Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().