ABSTRACT
I would like to digress for another moment and point out something that also is probably very elemental to everybody. Retailers are essentially service oriented; we do not create the need for more shopping. We satisfy a need. Retailers are creating what economists call time and place utility, making desired merchandise available to the consumer where he or she wants it, at a convenient location and at the right time. The Federal Highway Program is pretty much in place. The outlying factories and office buildings have moved the employment base to the suburbs. Now, perhaps from an urban policy standpoint, the Federal Highway Program was wrong. I said “perhaps,” I don’t know that, and I don’t think that this is what we’re here to discuss, but the highways are in place, and the peo-
pie have moved out to the suburbs, and their jobs have moved out, as well.
