Jones Martin. Cities and regions in crisis: The political economy of sub-national economic development

Edward Elgar Publishing, 2019. — 311 р. — ISBN 978 1 78811 745 6.The question of economic governance, then, refers to the mobilisation of available institutional and productive resources to develop a coherent sense of economic identity. In more blunt terms, Farnsworth (2015) posits this a ‘corporate welfare’ machine of wage subsidies and grants to privately owned companies that both socialise business risks and help to maintain a level of surplus value—in the context of searching for ‘frictionless market rule’ (Peck 2010: 16). In this context, economic governance, moreover, is a distinctly geographical and seemingly always spatially shifting project: it is constituted in space and remakes the space of such constitutions in the process of performing economic development (Goodwin et al. 2012, 2017).