Agglomeration economics.

• Position: Bureau Books - Conference notes

Agglomeration Economics, edited by Edward L. Glaeser, is available from the University of Chicago Press for $99.00. When firms and people are located near each other in cities and in industrial clusters, which is termed "agglomeration" they benefit in various ways, including through reduced costs of exchanging goods and ideas. Surprisingly, even as transportation and communication costs have fallen, cities have become increasingly important. And, even within cities, industrial clusters remain vital.

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