Increasing Returns andInframarginal Economics - Vol. 4
Series Editors:
JamesBuchanan

Yew-KwangNg, (Xiaokai Yang)

Guang-ZhenSun

INFRAMARGINALECONOMICS

by Xiaokai Yang & Wai-Man Liu (University of New South Wales, Australia)

924pp
Pub. date: Dec 2008
eISBN 978-981-283-792-9
Price: US$205
Publishedby

World ScientificPublishing Co. Pte. Ltd.

This research monograph provides systematic and comprehensive materials forapplying inframarginal analysis to study a wide range of economic phenomena.The analysis is based on a new overarching framework to resurrect the classicalnotion of division of labor and specialization, which is an essential source ofincreasing a nation’s wealth. The framework absorbs many classical andneo-classical insights in a general equilibrium analysis and explains manymicro- and macro-phenomena. Many areas of the discipline that have beencustomarily treated as separate branches can now be analyzed systematicallywithin this integrated framework. These include, for example, micro-economics;macro-economics; development economics; international economics; urbaneconomics; growth theory; industrial organization; applications of game theoryin economics; economics of property rights; economics of transaction costs;economics of institutions and contract; economics of organization; economics ofstates; managerial economics; theory of hierarchy; new theory of the firm;theory of money; theory of insurance; theory of network and reliability.

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