Inframarginal Contributions to Development Economics

Inframarginal Contributions to Development Economics

by Xiaokai Yang
     
 

ISBN-10: 9812566589

ISBN-13: 9789812566584

Pub. Date: 12/28/2006

Publisher: World Scientific Publishing Company, Incorporated

The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This classical footing of the study of development is different from the neoclassical perspective in two important respects: (a) it focuses on division of labor as the driving force of development, and (b) it emphasizes the role…  See more details below

Overview

The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This classical footing of the study of development is different from the neoclassical perspective in two important respects: (a) it focuses on division of labor as the driving force of development, and (b) it emphasizes the role of the market (the “invisible hand”) in exploiting productivity gains that are derived from division of labor. However these aspects have received little attention in the body of literature that represents the modern field of development economics — which largely represents the neoclassical application of marginalism. A notable exception is research that utilizes inframarginal analysis of individuals' networking decisions in an attempt to formalize the classical mechanisms that drive division of labor. This book is a first attempt to collect relevant key contributions and is intended for active researchers in the field of development economics.

Read More

Product Details

ISBN-13:
9789812566584
Publisher:
World Scientific Publishing Company, Incorporated
Publication date:
12/28/2006
Series:
Increasing Returns and Inframarginal Economics Series
Pages:
564
Product dimensions:
6.10(w) x 9.10(h) x 1.30(d)

Related Subjects

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >