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Economic Development and the Division of Labor
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Description
Description| Publisher | John Wiley & Sons (UK) |
| Author(s) | Xiaokai Yang / Jeffrey D. Sachs |
| Edition | 1 |
| Published | 11th April 2003 |
| Related course codes |
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.
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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