Economics is the social science concerned with the production, distribution and consumption of wealth. The word economics is derived from the ancient Greek word ‘Oikonomia’. This roughly translates to household management. The ancient Greeks used oikonomia to refer to the organizing of activities in a household and to larger political units as well, such as city-states. Oikonomia, as used in an...

This article considers application of a clusters approach to the California wine industry. After examining the idea of clusters in the context of industrial-complex economics, agglomeration economics and social network economics, we assess the usefulness of a cluster to consider the competitiveness of the California wine industry for national and global sales, export development and vineyard pr...