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Economic Development and the Division of Labor
Inframarginal Versus Marginal Analysis
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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.
Subject categories
- Academic > Economics > Industries. Land use. Labor > Labor. Work. Working class > Industrial hygiene. Industrial welfare
- Academic > Economics > Industries. Land use. Labor > Economic growth, development, planning
- Political Science > Labor & Industrial Relations
- Social Science > Gender Studies
- Business > Economic Development
- Business > Development
ISBNs
1405142170
9780631220039
9781405142175