Economic Development and the Division of Labor
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A01=Jeffrey D. Sachs
A01=Xiaokai Yang
analyses
analysis
Author_Jeffrey D. Sachs
Author_Xiaokai Yang
back
book
Category=KCM
classical
comparable
economic
economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
field
inframarginal
innovative
interest
introduces
lens
macroeconomics
marginal
new
offers
shift
students
theory
thorough
trade
way
works
xiaokai
yang
Product details
- ISBN 9780631220039
- Weight: 1261g
- Dimensions: 173 x 254mm
- Publication Date: 11 Apr 2003
- Publisher: John Wiley and Sons Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
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- 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.
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).
