New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

GEO 171 Week 6 Notes

by: Mia Notetaker

GEO 171 Week 6 Notes Geo 171

Marketplace > Syracuse University > Geography > Geo 171 > GEO 171 Week 6 Notes
Mia Notetaker
GPA 3.75

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Notes taken during class of week 6
Human Geography
Todd Rutherford
Class Notes
Human, geography
25 ?




Popular in Human Geography

Popular in Geography

This 5 page Class Notes was uploaded by Mia Notetaker on Friday October 7, 2016. The Class Notes belongs to Geo 171 at Syracuse University taught by Todd Rutherford in Fall 2016. Since its upload, it has received 4 views. For similar materials see Human Geography in Geography at Syracuse University.

Similar to Geo 171 at Syracuse

Popular in Geography


Reviews for GEO 171 Week 6 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/07/16
Human Geographies Week 6 Notes Economic Geographies III Key Concepts: ● Traditional economic geography ● The new economic geography ○ Marxism ○ Feminism ○ Institutional approaches Traditional Economic Geography: ● Draws on mainstream economics ● Firms make the decisions ○ What to make ○ How to make ○ Where to make ● Emphasis on equalisers/ optional location ○ Ex- Weber’s locational Triangle (see powerpoint from class) ~Weber’s Triangle ​ Traditional approaches Criticized so far: ● Focusing too narrowly on location & decisions ● Abstracting economy from a social relations & power The New economic geography: ● Is intellectually diverse ● Emphasis on political economy ○ Ex- power & social structure ○ Class labor & capital ○ Gender, race, & other identities ○ Institutions - the state, law, producer associations, etc Marxian Approaches: ● Capitalism as a made of production, driven by: ○ Production of commodities ○ Profit marxism/capital accumulation ○ Class conflict ○ Crisis & ‘creative destruction’ The accumulation process: ● M= invested capital ● C= commodities ● MP= means of production (plant/machinery) ● LP= labor powers (workers) ● P= production ● C1= new commodity ● M1= surplus (profit) Social production of Space- ● Tensions between fixity & mobility ● Uneven development & spacial fix ● The spatial division of labor ( Massey 1984) ○ The allocation of productions tasks to different people in specific location ○ Both a legacy of past investments & an influence on future investments ​ Marxist perspective (arguably) most complete alternative to traditional approaches: But can be subject to criticism: ● Human agency? ● Too focused on formal economy? ● Lack of attention to gender/race Feminist Approaches: ● How gender shapes employment, work, & identity ● Attention to masculine/ femininity ● Emphasis on ‘diverse economies’ Institutional approaches: ● Economy is not self regulating, but is ‘embedded’ in institutions ● Path to dependency emphasised ● Emphasis on how institutions influence regional development ○ Ex- venture capital in Silicon Valley ● Emphasis on regional collective knowledge & learning & trusts ○ Ex- Third Italy Conclusions: ● Economic Geographies have critiqued traditional location models ● Sub- discipline now more diverse Economic Crisis & Recovery: Key Concepts: ● Chronological Crisis ● The uneven geographies of crisis ● Perspectives crisis Case Study - 2008-2016: ● In US, began in ‘sub-prime’ housing market (2007) ● Credit crunch - bank failures (by fall 2008) ● Stock market decline 40% (2007-2008) ● Job loss (18 million) / Unemployment rate (+10%) ● Worst crisis since Great Depression (1930’s) ● Crisis becomes global (2008-2009) ● Intervention between US, Europe & other govs ● Slow recovery or continued crisis? Uneven geographies & crisis: ● Within US, worst affected areas: ○ NYC (financial services) ○ Detroit ( manufacturing) ○ Florida/California (Housing bubble) ● Impacted male workers more at first, than swapped later on ● Minority community deeply affected by both mortgage & job market Recovery?: ● In US, total employment has risen & unemployment has declined (Thanks Obama) ● But recovery still weak historically/geographically uneven Globally: ● UK, Ireland & Southern Europe hit the hardest ● China/emerging economies recovered quickly ○ But now slowing down, debt-collapse commodity crisis/ prices Why the crisis? Different Perspectives: ● Conservative: ○ Due to irresponsible spending/borrowing/lending & ‘crony capitalism’ ■ Solution- free market return ● Liberal: ○ Crisis due to deregulation of financial system in 1990’s/2000’s ○ Ending of new deal regulation & repeal of Glass-Steagall Act (1999) ○ Rise of non-regulated ‘shadow’ banking system ■ Solution- re-regulate financial capital Marxist: ● Crisis is inherent to capitalism & more specifically neoliberal capitalism In Practice: ● Privileges investors (capital) over the wage earners (workers) ● Financialization (increasing power of financial capital) ● Growing inequality & declining workers real income Why?: ● Average workers lack sufficient income & greater indebtedness ● Extremely wheatly have more speculative investments ● Overall slowing down of global growth = ‘secular stagnation’ ● Crisis tendencies are inherent & near solved ○ ‘They are only moved around geographically’ (Harvey 2011)


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Anthony Lee UC Santa Barbara

"I bought an awesome study guide, which helped me get an A in my Math 34B class this quarter!"

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.