{"product_id":"economic-development-and-the-division-of-labor-isbn-9780631220039","title":"Economic Development and the Division of Labor","description":"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. \u003cbr\u003e \u003cul\u003e \u003cli style=\"list-style: none\"\u003e\n\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eInframarginal Analysis vs. Marginal Analysis is presented as a consistent theoretical framework throughout.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eShows 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.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eAllows 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.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eBrings considerable analytic machinery to bear on important problems.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eA focus on institutions and transaction costs that is very relevant to development economics.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eOffers 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.\u003c\/li\u003e \u003c\/ul\u003e  Preface. \u003cp\u003e1. Introduction.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Geography and Microeconomic Mechanisms for Economic Development:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2. Geography and Economic Development.\u003c\/p\u003e \u003cp\u003e3. Driving Force I: Exogenous Comparative Advantage and Trading Efficiency.\u003c\/p\u003e \u003cp\u003e4. Driving Force II: Endogenous Comparative Advantage and Trading Efficiency.\u003c\/p\u003e \u003cp\u003e5. Driving Force III: Economies of Scale and Trading Efficiency.\u003c\/p\u003e \u003cp\u003e6. Coexistence of Endogenous and Exogenous Comparative Advantages and Patterns of Development and Trade.\u003c\/p\u003e \u003cp\u003e7. Structural Changes, Trade, and Economic Development.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: The Institution of the Firm, Endogenous Transaction Costs, and Economic Development:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8. Economic Development, the Institution of the Firm, and Entrepreneurship.\u003c\/p\u003e \u003cp\u003e9. Endogenous Transaction Costs, Contract, and Economic Development.\u003c\/p\u003e \u003cp\u003e10. Transaction Risk, Property Rights, Insurance, and Economic Development.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Urbanization and Industrialization:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11. Urbanization, Dual Structure between Urban and Rural Areas, and Economic Development.\u003c\/p\u003e \u003cp\u003e12. Industrialization, Structural Changes, Economic Development, and Division of Labor in Roundabout Production.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Dynamic Mechanisms for Economic Development:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13. Neoclassical Models of Economic Growth.\u003c\/p\u003e \u003cp\u003e14. Economic Development Generated by Endogenous Evolution in Division of Labor.\u003c\/p\u003e \u003cp\u003e15. Social Experiments and Evolution of Knowledge of Economic Development.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Macroeconomics of Development:.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16. Investment, Saving, and Economic Development.\u003c\/p\u003e \u003cp\u003e17. Money, Division of Labor, and Economic Development.\u003c\/p\u003e \u003cp\u003e18. Endogenous Business Cycles, Cyclical Unemployment, and Endogenous, Long-run Growth.\u003c\/p\u003e \u003cp\u003e19. Economic Transition.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  “\u003ci\u003eEconomic Development and the Division of Labor\u003c\/i\u003e is an exciting contribution that offers innovative perspectives on growth and development. It covers a void in the literature, and provides a rich and deep interpretation of the impact of endogenous specialization, institutions, and economic structure on growth. The text strikes a very good balance between the intuitive and analytical discussions, and relies constantly on references to contemporary data and the problems facing developing countries.” \u003ci\u003eJoshua Aizenman, Dartmouth College\u003c\/i\u003e \u003c!--end--\u003e\u003cbr\u003e \u003cp\u003e\u003cbr\u003e \u003c\/p\u003e \u003cp\u003e“Economists, whatever their speciality, will find the book rewarding to read and stimulating to teach.” \u003ci\u003eMerton J. Peck, Yale University\u003c\/i\u003e\u003cbr\u003e \u003c\/p\u003e \u003cp\u003e“Xiaokai Yang is one of the world’s most penetrating and exacting economic theorists, and one of the most creative minds in the economics profession.” \u003ci\u003eJeffrey D. Sachs, Columbia University\u003c\/i\u003e\u003c\/p\u003e \u003cb\u003eXiaokai Yang\u003c\/b\u003e 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 \u003ci\u003eThe American Economic Review\u003c\/i\u003e, \u003ci\u003eJournal of Political Economy\u003c\/i\u003e, \u003ci\u003eJournal of Economics\u003c\/i\u003e, and other journals. He is the author of \u003ci\u003eEconomics: New Classical versus Neoclassical Frameworks\u003c\/i\u003e (Blackwell, 2000). 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.","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989101265125,"sku":"NP9780631220039","price":206.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780631220039.jpg?v=1761782800","url":"https:\/\/k12savings.com\/es\/products\/economic-development-and-the-division-of-labor-isbn-9780631220039","provider":"K12savings","version":"1.0","type":"link"}