Inframarginal Economics. (Increasing Returns and Inframarginal Economics) (Hardcover)by Xiaokai Yang (Author), Wai-Man Liu (Author)

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Hardcover: 924 pages Publisher: World Scientific Publishing Company (December 22, 2008) Language: English ISBN-10: 9812389288 Contents: Consumer-Producer's Decisions to Choose the Optimum Level and Pattern of Specialization; More General Smithian Models; The Labor Market and the Institution of the Firm; Endogenous Transaction Costs and Theory of Contract, Ownership, and Residual Rights; Exogenous Comparative Advantages in Technology and Endowment, Division of Labor, and Trade; Urbanization, Dual Structure Between Urban and Rural Areas, and the Division of Labor; Economics of Property Rights and Insurance and Risk of Coordination Failure of the Netwok of Division of Labor; Industrialization and the Division of Labor in Roundabout Production; Economic Growth Generated by Endogenous Evolution in Division of Labor; Experiments with Structures of Division of Labor and Evolution in Organization Information Acquired by Society; and other papers.
Contents
Preface ............................................................................................................... vii
Chapter 1: Introduction 1
PART I: BASIC MODELS IN INFRAMARGINAL ECONOMICS 31
Chapter 2: Consumer-producer’s Decisions to Choose the Optimum
Level and Pattern of Specialization 31
Chapter 3: Smithian General Equilibrium and Its Welfare Implications 59
Chapter 4: More General Smithian Models 91
Chapter 5: Trade Pattern and Professional Middlemen 111
PART II: THE INSTITUTION OF THE FIRM AND PRICING THROUGH
BARGAINING AND CONTRACTING 135
Chapter 6: The Labor Market and the Institution of the Firm 135
Chapter 7: Pricing Mechanism Based on Bargaining 171
PART III: INFRAMARGINAL ANALYSIS OF TRADE AND GLOBALIZATION 237
Chapter 9: Emergence of International Trade from Domestic Trade
and Emergence of New Products 237
Chapter 11: Inframarginal Analysis of Coexistence of Endogenous and
Exogenous Comparative Advantage 329
11.1 Implications of the Coexistence of Endogenous and Exogenous
Comparative Advantage ........................................................................ 329
PART IV: URBANIZATION, POPULATION, AND THE TRADE OFF BETWEEN
WORKING AND LEISURE 351
Chapter 12: Urbanization, Dual Structure Between Urban and Rural
Areas, and the Division of Labor 351
Chapter 13: The Trade off between Working and Leisure, and the Effects
of Resource Scarcity and Population Size on the Division of Labor 391
Chapter 14: Economics of Property Rights and Insurance and Risk of
Coordination Failure of the Network of Division of Labor 411
PART V: HIERARCHICAL STRUCTURE OF DIVISION OF LABOR 465
Chapter 15: The Division of Labor in Roundabout Production and
Emergence of New Machines and Related New Technology 465
Chapter 16: Industrialization and the Division of Labor in Roundabout
Production 495
Chapter 17: Hierarchical Structure of the Network of Division of
Labor and Related Transactions 527
Chapter 18: Economic Growth Generated by Endogenous Evolution
in Division of Labor 565
Chapter 19: Concurrent Endogenous Evolution in Division of Labor,
in the Number of Goods, and in the Institution of the Firm 605
Chapter 20: Experiments with Structures of Division of Labor and
Evolution in Organization Information Acquired by Society 635
PART VII: MACROECONOMIC PHENOMENA AND ENDOGENOUS SIZE OF
NETWORK OF DIVISION OF LABOR 673
Chapter 21: Theory of Investment and Saving 673
Chapter 22: Money and Division of Labor 709
Chapter 23: Smithian Theory of Business Cycles and Unemployment 731
Chapter 24: Effects of Monetary and Fiscal Policies on the Network
Size of Division of Labor 779
PART VIII: POLITICAL ECONOMICS, THE ECONOMICS OF THE STATE, NEW
ECONOMY, AND ENDOGENOUS NETWORK SIZE OF DIVISION OF LABOR 805
Chapter 25: Inframarginal Analysis of Political Economy 805
Chapter 26: Inframarginal Analysis of e-Business and Franchising 827
Bibliography ..................................................................................................... 851
Index ............................................................................................................... 891