Inframarginal Contributions to Development Economics.
Title:
Inframarginal Contributions to Development Economics.
Author:
Tombazos, Christis.
ISBN:
9789812774255
Personal Author:
Physical Description:
1 online resource (564 pages)
Series:
Increasing Returns and Inframarginal Economics ; v.3
Increasing Returns and Inframarginal Economics
Contents:
Contents -- Preface -- Part 1. Introduction -- Chapter 1. Returning to the Classical Tradition: The Relevance and Application of Inframarginal Analysis to Development Economics -- Part 2. The Origins of Inframarginal Applications to the Study of Economic Development -- Chapter 2. The Marginal Cost Controversy -- Chapter 3. Economics and Biology: Specialization and Speciation -- Chapter 4. Externality -- Part 3. Development Strategies, Income Distribution, and Dual Structures -- Chapter 5. Economic Development, International Trade, and Income Distribution -- Chapter 6. Pursuit of Relative Utility and Division of Labor -- Part 4. Urbanization -- Chapter 7. Development, Structural Changes and Urbanization -- Chapter 8. An Equilibrium Model Endogenizing the Emergence of a Dual Structure between the Urban and Rural Sectors -- Chapter 9. Agglomeration Economies, Division of Labour and the Urban Land-Rent Escalation: A General Equilibrium Analysis of Urbanisation -- Part 5. Entrepreneurship and the Firm -- Chapter 10. Theory of the Firm and Structure of Residual Rights -- Chapter 11. The Theory of Irrelevance of the Size of the Firm -- Chapter 12. Specialization, Product Development, Evolution of the Institution of the Firm, and Economic Growth -- Part 6. Endogenous Transaction Costs and Property Rights -- Chapter 13. Endogenous Specialisation and Endogenous Principal-Agent Relationship -- Chapter 14. A Model Formalizing the Theory of Property Rights -- Chapter 15. Economy of Specialization and Diseconomy of Externalities -- Part 7. Investment, Endogenous Growth, and Social Experiments -- Chapter 16. The Division of Labor, Investment and Capital -- Chapter 17. A New Theory of Industrialization -- Part 8. Infrastructure, Labor Surplus, Insurance, and the Trade-off Between Leisure and Income.
Chapter 18. Population Density and Infrastructure Development -- Chapter 19. Uncertainty, Insurance, and Division of Labor -- Chapter 20. Push or Pull? The Relationship between Development, Trade and Primary Resource Endowment -- Index.
Abstract:
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. Sample Chapter(s). Chapter 1: Returning to the Classical Tradition: The Relevance and Application of Inframarginal Analysis to Development Economics (232 KB). Contents: The Origins of Inframarginal Applications to the Study of Economic Development; Development Strategies, Income Distribution, and Dual Structures; Urbanization; Entrepreneurship and the Firm; Endogenous Transaction Costs and Property Rights; Investment, Endogenous Growth, and Social Experiments; Infrastructure, Labor Surplus, Insurance, and the Trade-off Between Leisure and Income. Readership: Academic economists.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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