Economic Development and the Division of Labor
Published on 8. May 2008
664 pages
978-1-4051-4217-5 (ISBN)
Description
This innovative new text from Jeffrey Sachs and Xiokai Yangintroduces students to development economics from the perspectivesof inframarginal analysis and marginal analysis. The bookdemonstrates how the new-found emphasis on inframarginal analysishas influenced a shift back to an interest in Classical Economicsfrom Neoclassical Economics.
* * Inframarginal Analysis vs. Marginal Analysis is presented as aconsistent theoretical framework throughout.
* Shows how the relationship of Inframarginal Analysis toMarginal Analysis has influenced the shift back to an interest inClassical Economics from Neoclassical Economics with regard toeconomic development.
* Allows economists to reduce their overall reliance on marginalanalysis, which may be less relevant to development economics thanit is to the economics of development countries.
* Brings considerable analytic machinery to bear on importantproblems.
* A focus on institutions and transaction costs that is veryrelevant to development economics.
* Offers a thorough analysis of trade (CHs. 3 - 7) andmacroeconomics (CHs. 16 - 19), both of which are not dealth with indepth by comparable textbooks.
Reviews / Votes
"Economic Development and the Division of Labor is anexciting contribution that offers innovative perspectives on growthand development. It covers a void in the literature, and provides arich and deep interpretation of the impact of endogenousspecialization, institutions, and economic structure on growth. Thetext strikes a very good balance between the intuitive andanalytical discussions, and relies constantly on references tocontemporary data and the problems facing developingcountries." Joshua Aizenman, Dartmouth College "Economists, whatever their speciality, will find the bookrewarding to read and stimulating to teach." Merton J.Peck, Yale University "Xiaokai Yang is one of the world's most penetratingand exacting economic theorists, and one of the most creative mindsin the economics profession." Jeffrey D. Sachs, ColumbiaUniversityMore details
Other editions
Additional editions
Software
01/2008
Wiley
€110.15
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Xiaokai Yang | Jeffrey D. Sachs
Economic Development and the Division of Labor
Book
04/2003
1st Edition
Wiley
€119.50
Shipment within 15-20 days
Xiaokai Yang | Jeffrey D. Sachs
Economic Development and the Division of Labor
Book
04/2003
1st Edition
Wiley
€194.54
Shipment within 15-20 days
Persons
Xiaokai Yang is a Personal Chair Professor in the Department of Economics at Monash University and a Fellow of the Academy of Social Sciences in Australia. His research papers have appeared in The American Economic Review, Journal of Political Economy, Journal of Economics, and other journals. He is the author of Economics: New Classical versus Neoclassical Frameworks (Blackwell, 2000).
Content
Preface.
1. Introduction.
Part I: Geography and Microeconomic Mechanisms for EconomicDevelopment:.
2. Geography and Economic Development.
3. Driving Force I: Exogenous Comparative Advantage and TradingEfficiency.
4. Driving Force II: Endogenous Comparative Advantage andTrading Efficiency.
5. Driving Force III: Economies of Scale and TradingEfficiency.
6. Coexistence of Endogenous and Exogenous ComparativeAdvantages and Patterns of Development and Trade.
7. Structural Changes, Trade, and Economic Development.
Part II: The Institution of the Firm, Endogenous TransactionCosts, and Economic Development:.
8. Economic Development, the Institution of the Firm, andEntrepreneurship.
9. Endogenous Transaction Costs, Contract, and EconomicDevelopment.
10. Transaction Risk, Property Rights, Insurance, and EconomicDevelopment.
Part III: Urbanization and Industrialization:.
11. Urbanization, Dual Structure between Urban and Rural Areas,and Economic Development.
12. Industrialization, Structural Changes, Economic Development,and Division of Labor in Roundabout Production.
Part IV: Dynamic Mechanisms for EconomicDevelopment:.
13. Neoclassical Models of Economic Growth.
14. Economic Development Generated by Endogenous Evolution inDivision of Labor.
15. Social Experiments and Evolution of Knowledge of EconomicDevelopment.
Part V: Macroeconomics of Development:.
16. Investment, Saving, and Economic Development.
17. Money, Division of Labor, and Economic Development.
18. Endogenous Business Cycles, Cyclical Unemployment, andEndogenous, Long-run Growth.
19. Economic Transition.
References.
Index.
