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Inframarginal Economics (Increasing Returns and Inframarginal Economics)



By: Xiaokai Yang (Author), Wai-Man Liu (Author)

Language: English

Genre: Business, Finance Law

Publisher: World Scientific Publishing Co Pte Ltd (1 Jun. 2005)

Format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)

The original title of the book: Inframarginal Economics (Increasing Returns and Inframarginal Economics)

This research monograph provides systematic and comprehensive materials for applying inframarginal analysis to study a wide range of economic phenomena. The analysis is based on a new overarching framework to resurrect the classical notion of division of labor and specialization, which is an essential source of increasing a nation's wealth. The framework absorbs many classical and neo-classical insights in a general equilibrium analysis and explains many micro- and macro-phenomena. Many areas of the discipline that have been customarily treated as separate branches can now be analyzed systematically within this integrated framework. These include, for example, micro-economics: macro-economics: development economics: international economics: urban economics: growth theory: industrial organization: applications of game theory in economics: economics of property rights: economics of transaction costs: economics of institutions and contract: economics of organization: economics of states: managerial economics: theory of hierarchy: new theory of the firm: theory of money: theory of insurance: theory of network and reliability.

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