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Stations were built at intervals averaging fifteen miles apart. A rider's route covered three stations, with an exchange of horses at each, so that he was expected at the beginning to cover close to forty-five miles - a good ride when one must average fifteen miles an hour. ↗
Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively. ↗
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The new industries are brainy industries and so-called knowledge workers tend to like to be near other people who are the same. Think of the City of Hollywood. People cluster. This means you have winning regions, such as London and Cambridge, and losing regions. The people who want to be top lawyers in Sunderland are hoovered up by London. ↗
