Since their inception in 1934, the National Income and Product Accounts of the U.S. (NIPAs) have excluded estimates of household production from total economic activity. Many proposals have been made for including the value of household production in the NIPAs, all of which rest on some form of...

Economists have long considered issues of spatial economic activity, trade, and location values. Among all the various theories presented over the past century, it is safe to say that not one predicts that goods, services, or factors of production must attain the same value at different...