Economics of Agglomeration

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'Two of the best regional scientists share with us what they have learned about the economics of agglomeration. This splendid book shows that different strands in the literature rely on the same common principles that define agglomeration economies. The authors show how these common principles can help us to understand the spatial distribution of economic activity. Although the book is mostly about theory, lucid and stylized examples illustrate the theories. Economics of Agglomeration, Second Edition is essential reading for graduate students in regional and urban economics for years to come.' Steven Brakman, University of Groningen 'The first edition of Economics of Agglomeration by Masa Fujita and Jacques Thisse was a masterful integration of nearly 200 years of research in regional and urban economics. It educated graduate students and researchers alike for more than a decade. This new and thoroughly revised edition integrates the most recent developments of a booming field while keeping a unified perspective. I have no doubt this new edition will educate anyone interested the field for another ten years or more.' Gilles Duranton, University of Pennsylvania 'The first edition of this book was a gem and the second edition is even more wonderful. Agglomeration plays an important role in the formation of urban areas, industrial structures, regional and international trade, and more. Fujita and Thisse masterfully review these issues with rare analytical clarity and insightful commentary. This is a highly recommended book.' Elhanan Helpman, Harvard University 'Fujita and Thisse provide an exhaustive and rigorous account of what microeconomic theory has to say about the basic economic forces that give rise to cities. This new edition, substantially updated and with an increased emphasis on issues in the intersection of spatial economics and international trade, will be the standard reference in the field for years to come.' Robert Helsley, University of British Columbia