Economic Development and the Division of Labor | Zookal Textbooks | Zookal Textbooks
  • Author(s) Xiaokai Yang / Jeffrey D. Sachs
  • Edition1
  • Published11th April 2003
  • PublisherJohn Wiley & Sons (UK)
  • ISBN9780631220039
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.

Economic Development and the Division of Labor

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  • Author(s) Xiaokai Yang / Jeffrey D. Sachs
  • Edition1
  • Published11th April 2003
  • PublisherJohn Wiley & Sons (UK)
  • ISBN9780631220039
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.

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