The expansion of markets and industrialization greatly increased the benefits of specialization in the U.S. economy. However, since the benefits of specialization can only be realized through trade, specialization significantly increases the volume of market transactions in the economy. The...

This unique Handbook offers the most up-to-date and comprehensive, state-of-the-art reviews of the politics of regulation. It presents and discusses the core theories and concepts of regulation in response to the rise of the regulatory state and regulatory capitalism, and in the context of the...

We review historical patterns of economic geography' for the United States from the colonial period to the present day. The analysis is framed in terms of two geographic scales: regions and cities. The compelling reason for studying geographic areas of different scales is that models that...

One of the most important representations of an urban spatial structure is its density. Indeed, an urban area is defined as a densely populated place with a sizeable number of inhabitants. Yet, despite the fact that the defining element of an urban area is its density, few scholars have...

This paper explores the origins and effects of occupational licensing regulation in late nineteenth and early twentieth century America. Was licensing regulation introduced to limit competition in the market for professional services at the expense of efficiency? Or was licensing adopted to...

The development of the American economy was accompanied by significant spatial income inequalities between the northern and southern regions. While many factors contributed to northern industrialization and southern stagnation, an important factor was differences in their institutions. In the...

Industrial revolution in the USA first took hold in rural New England as factories arose and grew in a handful of industries such as textiles and shoes. However, as factory scale economies rose and factory production techniques were adopted by an ever-growing number of industries,...