This monograph resurrects the spirit of classical economic thinking on network effects of division of labor and general equilibrium mechanisms that simultaneously determine the interdependent benefits of specialization and the number of participants in the network of division of labor (extent of the market) in a modern body of inframarginal economics. Inframarginal economics applies inframarginal analysis (nonclassical mathematical programming which allows corner solution) to studies of network effects of division of labor, individuals' networking decisions in choosing their levels of...
This monograph resurrects the spirit of classical economic thinking on network effects of division of labor and general equilibrium mechanisms that si...
Study of the progressive division of labor is a burgeoning industry in economics in recent years. Classical authors, dating back as early as 500 BC, have made insightful analysts on the determinants and implications of the division of labor. Unfortunately these writings ore rather scattered and not readily accessible. This important book aims to fill this void, serving as a valuable source of reference for scholars interested in the economics of specialization. The volume begins with the precursors of political economy including the ancient Greeks, medieval Islamic scholastics and...
Study of the progressive division of labor is a burgeoning industry in economics in recent years. Classical authors, dating back as early as 500 BC, h...
The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This book focuses on division of labor as the driving force of development, and emphasizes the role of the market (the "invisible hand") in exploiting productivity gains that are derived from division of labor.
The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This book focu...
Inframarginal analysis represents a methodology that extends marginal analysis, using non-classical mathematical programming, in efforts to investigate corner solutions and indivisibilities. As such this approach has been used to reintroduce classical insights regarding the division of labor and economic organization to the mainstream of economic inquiry. One of the most prolific and useful relevant applications of inframarginal analysis concerns the area of international trade theory. The ensuing field of study has attracted considerable - and rapidly expanding - interest in recent years....
Inframarginal analysis represents a methodology that extends marginal analysis, using non-classical mathematical programming, in efforts to investigat...