Concepts / Terminology for Local Economic Development
that relate to the Thomas Michael Power book, Lost Landscapes and Failed Economics
(UP532, Sustainable Development, Prof. Campbell)

economic base
basis vs. non-basic jobs
import substitution
manufacturing vs. services
value added
labor theory of value
linkages (supplier chains)
primary, second, tertiary sectors
nature as warehouse vs. as system of amenities?
location theory
locational advantage
scale economy, agglomeration economy, localization economy, urbanization economy
spatial division of labor
do jobs follow people or people follow jobs?
planning for place vs. planning for people?
types of unemployment:  frictional, cyclical, structural
supply vs. demand explanation of unemployment
growth vs. development