Entrepreneurs and Terrorists - Viruses of the Modern Economy; Rapid Knowledge Transfer, Learning and Adaptation

Abstract

Why are some regions more productive or successful than others? This book tries to answer this question by reviewing neoclassical economic theories and proposing a new framework to an “old economic problem; where to locate a firm in space” (Jovanovic 2009 p. xvii). Evolutionary economic geography is an emerging and important area of research, with the book Applied Evolutionary Economics and Economic Geography, edited by Koen Frenken, published in 2007 (Frenken, 2007), the publication of numerous papers and research monographs, and a handbook due out this year (Martin and Boschema 2010). Whether the author’s aim to produce a new framework for evolutionary economic geography is achieved is the subject of this review; also, a proposal for the idea of the entrepreneur or terrorist as virus is presented. Evolutionary Economic Geography: Location of production and the European Union, Miroslav Jovanovic, Routledge, Oxford UK, ISBN 978-0-415-42346-5, £76. Book Reviewed by Allison Wylde, Business Analysis, Information Systems, Transport and Logistics (BASTIL Sector Group), London Metropolitan Business School