Economic Development and the Division of Labor: Inframarginal Versus Marginal Analysis - Hardcover

Yang, Xiaokai; Sachs, Jeffrey D.

Hardcover

ISBN 10: 0631220038 ISBN 13: 9780631220039

Publisher: Wiley-Blackwell, 2003

Synopsis

This innovative new book from Xiaokai Yang introduces students to development economics through the lens of inframarginal and marginal analyses, and shows how this way of thinking has influenced a shift back to classical economic theory within the field of economic development. Yang offers a thorough analysis of trade and macroeconomics not to be found in comparable works, and focuses on institutional and transaction cost issues of critical interest to development economists.

About this title

Review:

"Economic Development and the Division of Labor is an exciting contribution that offers innovative perspectives on growth and development. It covers a void in the literature, and provides a rich and deep interpretation of the impact of endogenous specialization, institutions, and economic structure on growth. The text strikes a very good balance between the intuitive and analytical discussions, and relies constantly on references to contemporary data and the problems facing developing countries." Joshua Aizenman, Dartmouth College

"Economists, whatever their speciality, will find the book rewarding to read and stimulating to teach." Merton J. Peck, Yale University

"Xiaokai Yang is one of the world's most penetrating and exacting economic theorists, and one of the most creative minds in the economics profession." Jeffrey D. Sachs, Columbia University

About the Author:

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).

About this edition

• Publisher: Wiley-Blackwell
• Publication date: 2003
• ISBN 10: 0631220038
• ISBN 13: 9780631220039
• Binding: Hardcover
• Edition number: 1
• Number of pages: 660