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This paper discusses the impact of housing affordability on the spatial distribution of productivity and wages. The key theoretical contribution is to phrase the problem as an issue of the composition (rather than the level) of housing demand and link it to heterogeneous preferences and characteristics of households. Using a simple simulation methodology, the study estimates levels of amenity values and wages that would make current house prices as affordable as they were in 1995 in all English local authority districts. Although average wages would be unlikely to increase if housing was more affordable, productivity across England would probably be higher as the spatial distribution of economic activity would change. The key conclusions are that (1) unaffordable housing has significant economic implications; and (2) policy aimed at improving housing affordability should consider targeting housing demand as well as supply. [ABSTRACT FROM AUTHOR]

The author examines the materialization of geographical knowledges in relation to the ongoing neoliberalization of urban space where the latter is based on processes of compulsory land purchase. The specific context for the study is two recently planned commercial redevelopments for the south London borough of Croydon in the United Kingdom, and the arguments mustered in support of these proposals. The author identifies and discusses three principal sets of geographical knowledges, which he examines under the headings symbolic, biopolitical, and scalar. In each case, he shows that the knowledges have strong modernist overtones. The paper seeks both to understand and contextualize these historical connections, and to consider the contemporary political work performed by the knowledges in question. [ABSTRACT FROM AUTHOR]

Although economic-geographical research has recently been the subject of ‘cultural’, ‘institutional’, and ‘relational’ turns that stress the situated, relational, and embedded nature of economic activity, these concerns are usually elaborated through analyses of industrial, not financial, circuits of capital. In this paper I address the neglect of the financial elements of production networks by exploring the geographies of some of the financial practices of a group of microbusinesses in Birmingham's Jewelry Quarter. I argue that the Jewelry Quarter is an important financial space for these firms and illustrate how their production regimes are produced and reproduced through different spatiotemporal financial relationships with suppliers, customers, and financial intermediaries. By contrast with the undersocialised treatments of agency that predominate in firm finance literatures in economics and finance, I illustrate the situated, idiosyncratic, and often very personal nature of the financial knowledges, practices, and networks that reproduce these firms. This financial ‘cut’ through the Jewelry Quarter treats firm finances as integral to firm behaviours and strategy and uses this vantage point to assess the potentials and predicaments facing these firms that are regarded as strategically important for the future of the Quarter. [ABSTRACT FROM AUTHOR]

There is a growing realisation among scholars and policymakers of the role of local contextual factors and circumstances in influencing the behaviour of key economic agents, including the entrepreneur. This approach has stretched the boundaries of academic inquiry welt beyond mainstream conceptualisations of economic agency as isolated from its setting. An assumption that underpinned research and policymaking in the new learning is that economic activity is typically socially embedded, which is generally taken to imply local embeddedness. In our paper, drawing upon the findings of extensive research in rural Cumbria, we question this assumption. We argue that in the context of rural Cumbria, the conceptualisation of locality may go beyond territorial notions. This argument does not support a return to the notion of the isolated economic agent, but advocates a move forward to the detailed exploration of the interface between agency and context. [ABSTRACT FROM AUTHOR]