Economic Development and the Division of Labor - Hardcover

Yang, Xiaokai; Sachs, Jeffrey D.

 
9780631220039: Economic Development and the Division of Labor
Hardcover
ISBN 10: 0631220038 ISBN 13: 9780631220039
Publisher: Wiley-Blackwell, 2003

Synopsis

This innovative new text from Jeffrey Sachs and Xiokai Yang introduces students to development economics from the perspectives of inframarginal analysis and marginal analysis. The book demonstrates how the new-found emphasis on inframarginal analysis has influenced a shift back to an interest in Classical Economics from Neoclassical Economics.


  • Inframarginal Analysis vs. Marginal Analysis is presented as a consistent theoretical framework throughout.
  • Shows how the relationship of Inframarginal Analysis to Marginal Analysis has influenced the shift back to an interest in Classical Economics from Neoclassical Economics with regard to economic development.
  • Allows economists to reduce their overall reliance on marginal analysis, which may be less relevant to development economics than it is to the economics of development countries.
  • Brings considerable analytic machinery to bear on important problems.
  • A focus on institutions and transaction costs that is very relevant to development economics.
  • Offers a thorough analysis of trade (CHs. 3 - 7) and macroeconomics (CHs. 16 - 19), both of which are not dealth with in depth by comparable textbooks.

"synopsis" may belong to another edition of this title.

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).

From the Back Cover

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.

From the Inside Flap

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" may belong to another edition of this title.

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

Other Popular Editions of the Same Title

9780631220046: Economic Development and the Division

Featured Edition

ISBN 10:  0631220046 ISBN 13:  9780631220046
Publisher: John Wiley & Sons, 2003
Softcover