Economic Development and the Division of Labor (Paperback)

Jeffrey D. Sachs

ISBN 10: 0631220046 / ISBN 13: 9780631220046

Published by John Wiley and Sons Ltd, Hoboken, 2003

About this Item

Paperback. 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. 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. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9780631220046

Bibliographic Details

• Title: Economic Development and the Division of Labor (Paperback)
• Publisher: John Wiley and Sons Ltd, Hoboken
• Publication Date: 2003
• Language: English
• ISBN 10: 0631220046
• ISBN 13: 9780631220046
• Binding: Paperback
• Edition: 1st Edition
• Condition: new

About this title

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.

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).