A selection of papers from an international conference at Monash University covering the New Classical Economics in relation to specialization, organization and growth; economies of scale and monopolistic competition; and the relationship of information, returns to scale, and issues of resources and trade. Editor(s): Arrow, Kenneth J.; etc.; Yew-Kwang Ng (Professor of Economics, Chinese University of Hong Kong and Monash University, Australia); Xiaokai Yang ( Reader in Economics, Monash University, Australia). Num Pages: 482 pages, biography. BIC Classification: KCA. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 41. Weight in Grams: 722. . 1998. Hardback. . . . .

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Bibliographic Details

Title: Increasing Returns and Economic Analysis
Publisher: Palgrave Macmillan
Publication Date: 1998
Language: English
ISBN 10: 0333678443
ISBN 13: 9780333678442
Binding: Hardcover
Condition: New

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Synopsis

Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.

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'...the volume provides a wealth of stimulating material for economists.' - Elet, University of Bologna

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