INFRAMARGINAL ECONOMICS (Increasing Returns and Inframarginal Economics, 4)

Yang, Xiaokai; Liu, Wai-Man

ISBN 10: 9812389288 / ISBN 13: 9789812389282

Published by World Scientific Pub Co Inc, 2008

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Bibliographic Details

• Title: INFRAMARGINAL ECONOMICS (Increasing Returns and Inframarginal Economics, 4)
• Publisher: World Scientific Pub Co Inc
• Publication Date: 2008
• Language: English
• ISBN 10: 9812389288
• ISBN 13: 9789812389282
• Binding: Hardcover
• Condition: New

About this title

Synopsis

This research monograph provides systematic and comprehensive materials for applying inframarginal analysis to study a wide range of economic phenomena. The analysis is based on a new overarching framework to resurrect the classical notion of division of labor and specialization, which is an essential source of increasing a nation’s wealth. The framework absorbs many classical and neo-classical insights in a general equilibrium analysis and explains many micro- and macro-phenomena. Many areas of the discipline that have been customarily treated as separate branches can now be analyzed systematically within this integrated framework. These include, for example, micro-economics; macro-economics; development economics; international economics; urban economics; growth theory; industrial organization; applications of game theory in economics; economics of property rights; economics of transaction costs; economics of institutions and contract; economics of organization; economics of states; managerial economics; theory of hierarchy; new theory of the firm; theory of money; theory of insurance; theory of network and reliability.