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Per Y = 1, m = 1-5
Peppers
Wheat
R= rent/unit of land
Y= yield/unit of land
p= market price/unit of yield
c= avg. production costs/unit of yield
m= distance from market
f= freight rate/unit of yield and unit of distance
one market with no trade with the outside
NO state is cut off from the world
land around the market is entirely flat and soil fertility is uniform
Physical landscape is far from featureless. It has a huge impact on farming choices!
Isolation
Isotropic Plain
Transportation
Economic Man
no transport infrastructure
Roads, rivers, trains, planes, trucks...you name it, we've got it!
farmers want money!
Farmers don't just want money!
Ring 4: Livestock & Ranching
Ring 3: Less Perishable Foods
Ring 2: Forest
Doesn't exist today!
Ring 1: Modern Dairying
1783-1850
German farmer and economist
1826 - The Isolated State
-First discussion of spatial economics and Economic geography
Significance
Changes to the Model