I have the text 

Your response will compare the neoclassical treatment of the economic phenomenon identified in the text (Chapters 1-11), with the historical facts of how urban space has been allocated in the United States.  Be sure to consider the following questions:

  1. Do the theoretical models used in the OSullivan text adequately explain the phenomenon in question?
  2. What are the consequences of abstracting away from history within the economic theory?
  3. Should neoclassical theory be amended in order to take account of historical events?  How would this impact the kinds of phenomenon economists attempt to explain? 
  4. How would adding historical facts alter the economists policy recommendations?

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