I am by no means an expert on economics, but I was under the impression that "optimum currency areas" were a well-known topic of study with quantitative (testable?) predictions, and that the generally accepted theory in this regard suggests optimal areas larger than single urban areas.
I was a little surprised not to see any reference to this in the article, and whether there is some synthesis possible between Jabobs' ideas and optimum currency area theory.
I am by no means an expert on economics, but I was under the impression that "optimum currency areas" were a well-known topic of study with quantitative (testable?) predictions, and that the generally accepted theory in this regard suggests optimal areas larger than single urban areas.
I was a little surprised not to see any reference to this in the article, and whether there is some synthesis possible between Jabobs' ideas and optimum currency area theory.