The Distinction Between Economies Of Specialization And Economies Of Division Of Labor And The Theory Of Dual Economy

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Economic Development and the Division of Labor

Author : Xiaokai Yang
Publisher : John Wiley & Sons
ISBN 13 : 1405142170
Total Pages : 664 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Economic Development and the Division of Labor by : Xiaokai Yang

Download or read book Economic Development and the Division of Labor written by Xiaokai Yang and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative new text from Jeffrey Sachs and Xiokai Yangintroduces students to development economics from the perspectivesof inframarginal analysis and marginal analysis. The bookdemonstrates how the new-found emphasis on inframarginal analysishas influenced a shift back to an interest in Classical Economicsfrom Neoclassical Economics. Inframarginal Analysis vs. Marginal Analysis is presented as aconsistent theoretical framework throughout. Shows how the relationship of Inframarginal Analysis toMarginal Analysis has influenced the shift back to an interest inClassical Economics from Neoclassical Economics with regard toeconomic development. Allows economists to reduce their overall reliance on marginalanalysis, which may be less relevant to development economics thanit is to the economics of development countries. Brings considerable analytic machinery to bear on importantproblems. A focus on institutions and transaction costs that is veryrelevant to development economics. Offers a thorough analysis of trade (CHs. 3 - 7) andmacroeconomics (CHs. 16 - 19), both of which are not dealth with indepth by comparable textbooks.

Inframarginal Contributions To Development Economics

Author : Christis G Tombazos
Publisher : World Scientific
ISBN 13 : 9814478601
Total Pages : 564 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Inframarginal Contributions To Development Economics by : Christis G Tombazos

Download or read book Inframarginal Contributions To Development Economics written by Christis G Tombazos and published by World Scientific. This book was released on 2006-10-09 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This classical footing of the study of development is different from the neoclassical perspective in two important respects: (a) it focuses on division of labor as the driving force of development, and (b) it emphasizes the role of the market (the “invisible hand”) in exploiting productivity gains that are derived from division of labor. However these aspects have received little attention in the body of literature that represents the modern field of development economics — which largely represents the neoclassical application of marginalism. A notable exception is research that utilizes inframarginal analysis of individuals' networking decisions in an attempt to formalize the classical mechanisms that drive division of labor. This book is a first attempt to collect relevant key contributions and is intended for active researchers in the field of development economics.

The Division of Labor in Society

Author : Émile Durkheim
Publisher : Digireads.com
ISBN 13 : 9781420948561
Total Pages : 0 pages
Book Rating : 4.9/5 (485 download)

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Book Synopsis The Division of Labor in Society by : Émile Durkheim

Download or read book The Division of Labor in Society written by Émile Durkheim and published by Digireads.com. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: mile Durkheim is often referred to as the father of sociology. Along with Karl Marx and Max Weber he was a principal architect of modern social science and whose contribution helped established it as an academic discipline. "The Division of Labor in Society," published in 1893, was his first major contribution to the field and arguably one his most important. In this work Durkheim discusses the construction of social order in modern societies, which he argues arises out of two essential forms of solidarity, mechanical and organic. Durkheim further examines how this social order has changed over time from more primitive societies to advanced industrial ones. Unlike Marx, Durkheim does not argue that class conflict is inherent to the modern Capitalistic society. The division of labor is an essential component to the practice of the modern capitalistic system due to the increased economic efficiency that can arise out of specialization; however Durkheim acknowledges that increased specialization does not serve all interests equally well. This important and foundational work is a must read for all students of sociology and economic philosophy.

The Theory of Moral Sentiments

Author : Adam Smith
Publisher :
ISBN 13 :
Total Pages : 448 pages
Book Rating : 4.B/5 (1 download)

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Book Synopsis The Theory of Moral Sentiments by : Adam Smith

Download or read book The Theory of Moral Sentiments written by Adam Smith and published by . This book was released on 1761 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inframarginal Economics

Author : Xiaokai Yang
Publisher : World Scientific
ISBN 13 : 9812389288
Total Pages : 924 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis Inframarginal Economics by : Xiaokai Yang

Download or read book Inframarginal Economics written by Xiaokai Yang and published by World Scientific. This book was released on 2009 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph resurrects the spirit of classical economic thinking on network effects of division of labor and general equilibrium mechanisms that simultaneously determine the interdependent benefits of specialization and the number of participants in the network of division of labor (extent of the market) in a modern body of inframarginal economics. Inframarginal economics applies inframarginal analysis (nonclassical mathematical programming which allows corner solution) to studies of network effects of division of labor, individuals' networking decisions in choosing their levels of specialization, mechanisms that endogenously determine the network size and pattern of division of labor, increasing returns, and the relationship between transaction costs, evolution in institutions, property rights, contracts, organization, and the network size and pattern of division of labor. Here, inframarginal analysis is total cost-benefit analysis across different network patterns of trade and division of labor in addition to marginal analysis of resource allocation for a given pattern of organization. It provides an overarching framework that encompasses many areas of the discipline that have customarily been treated as separate branches. These include microeconomics, macroeconomics, 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 contracts, economics of organization, managerial economics, theory of hierarchy, new theory of the firm, theory of money, theory of insurance, theory of the network and reliability, and so on.

Private Sector Development and Urbanization in China

Author : Zhikai Wang
Publisher : Springer
ISBN 13 : 1137473274
Total Pages : 357 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Private Sector Development and Urbanization in China by : Zhikai Wang

Download or read book Private Sector Development and Urbanization in China written by Zhikai Wang and published by Springer. This book was released on 2015-09-30 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the reality of China's economic development and urbanization, this book studies the development of the private sector and the process of regional urbanization in the Yangtze River Delta region to provide a path for new urbanization throughout China.

International Labor Mobility

Author : Bharati Basu
Publisher : Routledge
ISBN 13 : 1134428235
Total Pages : 200 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis International Labor Mobility by : Bharati Basu

Download or read book International Labor Mobility written by Bharati Basu and published by Routledge. This book was released on 2004-03 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role of international labor mobility in the presence of endogenously created unemployment and increasing returns to scale technology.

Environmentalism and Political Theory

Author : Robyn Eckersley
Publisher : State University of New York Press
ISBN 13 : 1438401833
Total Pages : 286 pages
Book Rating : 4.4/5 (384 download)

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Book Synopsis Environmentalism and Political Theory by : Robyn Eckersley

Download or read book Environmentalism and Political Theory written by Robyn Eckersley and published by State University of New York Press. This book was released on 1992-04-14 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the most detailed and comprehensive examination to date of the impact of environmentalism upon contemporary political thought. It sets out to disentangle the various strands of Green political thought and explain their relationship to the major Western political traditions. Environmentalism and Political Theory represents the consolidation of a new field of political inquiry that is destined to become an increasingly important component of political studies and political reporting worldwide. An interdisciplinary study that builds bridges between environmental philosophy, ecological thought, and political inquiry, this book employs a range of new insights from environmental philosophy to outline a particular Green political perspective.

The Economics of Ethics and the Ethics of Economics

Author : Geoffrey Brennan
Publisher : Edward Elgar Publishing
ISBN 13 : 1849801908
Total Pages : 239 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis The Economics of Ethics and the Ethics of Economics by : Geoffrey Brennan

Download or read book The Economics of Ethics and the Ethics of Economics written by Geoffrey Brennan and published by Edward Elgar Publishing. This book was released on 2009 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics and ethics are succumbing to the pull of disciplinary specialisation at their own peril. This volume represents a necessary and most welcome reminder of some ways in which the two are intertwined. How do economic preferences relate to ethical values? What are the motivational underpinnings on which we should base a theory of choice? What explains compliance with rules, and with tax legislation in particular? Any economist or political philosopher interested in these questions must read this book. Peter Dietsch, Université de Montréal, Canada Do market prices reflect values? What is the relation between social norms and economic incentives? Do economic agents respond to ethical arguments? By probing the boundaries between positive and normative theorizing and by bridging ethics, economics, and political science, this book is able to address a fascinating set of questions. I strongly recommend this book to anyone interested in normative issues in public policy to academics and practitioners alike. Fabienne Peter, University of Warwick, UK This book makes a rational and eloquent case for the closer integration of ethics and economics. It expands upon themes concerned with esteem, self-esteem, emotional bonding between agents, expressive concerns, and moral requirements. Economists have long assumed that value and price are synonymous and interchangeable. The authors show how disregarding this false assumption and adopting an interdisciplinary approach could improve the economics profession by distinguishing economic values from ethical values. Replete with discussions that will challenge conventional economics, this book offers a corrective argument against the rigid separation of agents motivation and the purely normative aspects of economic analysis. The various contributions explore the different dimensions at the frontier between the rational and the moral in political economy, ethics and philosophy. Containing a variety of cross-border analyses, this innovative book will be a must-read for economists, political scientists and philosophers. It will also be an invaluable resource for students in the fields of economics and philosophy.

Voluntary National Content Standards in Economics

Author : National Council on Economic Education
Publisher : Council for Economic Educat
ISBN 13 : 9781561834334
Total Pages : 122 pages
Book Rating : 4.8/5 (343 download)

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Book Synopsis Voluntary National Content Standards in Economics by : National Council on Economic Education

Download or read book Voluntary National Content Standards in Economics written by National Council on Economic Education and published by Council for Economic Educat. This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children.

Contemporary Macroeconomics

Author : Vasilii Erokhin
Publisher : Springer Nature
ISBN 13 : 9811995427
Total Pages : 945 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Contemporary Macroeconomics by : Vasilii Erokhin

Download or read book Contemporary Macroeconomics written by Vasilii Erokhin and published by Springer Nature. This book was released on 2023-07-01 with total page 945 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.

Rethinking Economic Evolution

Author : Ulrich Witt
Publisher : Edward Elgar Publishing
ISBN 13 : 178536507X
Total Pages : 261 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Rethinking Economic Evolution by : Ulrich Witt

Download or read book Rethinking Economic Evolution written by Ulrich Witt and published by Edward Elgar Publishing. This book was released on 2016-07-30 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.

Complexity Theory and Uncertainties

Author : Wei-Bin Zhang
Publisher : Springer Nature
ISBN 13 : 3031423941
Total Pages : 132 pages
Book Rating : 4.0/5 (314 download)

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Book Synopsis Complexity Theory and Uncertainties by : Wei-Bin Zhang

Download or read book Complexity Theory and Uncertainties written by Wei-Bin Zhang and published by Springer Nature. This book was released on 2023-11-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment. From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China's modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations. Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.

Specialization and Economic Organization

Author : X. Yang
Publisher : Elsevier
ISBN 13 : 1483296822
Total Pages : 536 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Specialization and Economic Organization by : X. Yang

Download or read book Specialization and Economic Organization written by X. Yang and published by Elsevier. This book was released on 2015-09-15 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the subtitle indicates, this book presents a new classical microeconomic framework. It develops a new unifying analytical framework that covers topics concerning international trade, development economics, growth theory, transaction costs economics, comparative economics, management economics, urban economics, industrial organization, and macroeconomics. The new classical microeconomic framework is used to bring the analysis of economies of specialization, the division of labor, and the structure of economic organization into the central place of economics.

Trust, Ethnicity, and Identity

Author : Janet T. Landa
Publisher : University of Michigan Press
ISBN 13 : 9780472103614
Total Pages : 248 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis Trust, Ethnicity, and Identity by : Janet T. Landa

Download or read book Trust, Ethnicity, and Identity written by Janet T. Landa and published by University of Michigan Press. This book was released on 1994 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: How ethnic kin-based trading networks can rely on trust when a well-developed framework of contract laws is missing

Principles of Economics in Context

Author : Neva Goodwin
Publisher : Routledge
ISBN 13 : 042979794X
Total Pages : 830 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Principles of Economics in Context by : Neva Goodwin

Download or read book Principles of Economics in Context written by Neva Goodwin and published by Routledge. This book was released on 2019-08-01 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of economics should not be highly abstract, but closely related to real-world events. Principles of Economics in Context addresses this challenge, laying out the principles of micro-and macroeconomics in a manner that is thorough, up to date and relevant to students, keeping theoretical exposition close to experience. Emphasizing writing that is compelling, clear, and attractive to students, it addresses such critical concerns as ecological sustainability, distributional equity, the quality of employment, and the adequacy of living standards. Key features include: Clear explanation of basic concepts and analytical tools, with Discussion Questions at the end of each section, encouraging immediate review of what has been read and relating the material to the students’ own experience; Full complement of instructor and student support materials online, including test banks and grading through Canvas; Key terms highlighted in boldface throughout the text, and important ideas and definitions set off from the main text; A glossary at the end of the book containing all key terms, their definitions, and the number of the chapter(s) in which each was first used and defined. Updates for the second edition include: Expanded coverage of topics including inequality, financialization and debt issues, the changing nature of jobs, and sustainable development; New material on wage discrimination by race and gender; an expanded section on labor markets and immigration; Updated discussion of fiscal policy to include more recent developments such as the Trump tax cuts; New material on behavioral economics, public goods, and climate change policy; a new section on “The Economics of Renewable Energy.” This new, affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro-and macro-analysis and application, with many up-to-date examples and extensive supporting Web resources for instructors and students.

R&D and Economy in Korea

Author : Junmo Kim
Publisher : iUniverse
ISBN 13 : 0595375251
Total Pages : 172 pages
Book Rating : 4.5/5 (953 download)

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Book Synopsis R&D and Economy in Korea by : Junmo Kim

Download or read book R&D and Economy in Korea written by Junmo Kim and published by iUniverse. This book was released on 2005 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology has been thought and discussed as one of the pivotal sources of economic growth. As the importance of technology and R& D, as its embodied form, being increased of its importance, a critical concern has been given on how to organize technology development. The concern is not confined to developing countries, but also extends to advanced nations due to a trait of knowledge intensive economies, which require longer and more complex linkages from knowledge to the actual production of goods and services. This book covers the issue of organizing technology development with multinational cases ranging from Korea, Japan to United States and other countries with universally applicable theories that provide possibilities for application in other countries. The other peculiarity of this book is that it presents not only what has happened in its analysis, but also tries to describe possible future trends. Changing contexts of capitalism has increased necessity to organize technology development even for advanced nations as long as they are regarded as knowledge intensive economies. Against the dynamic of longer & more complex linkages from knowledge to production, the answer from the economy & society was to increase R&D to "ride" the dynamic of "intensified" technology requirements.