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Economic Development and the Division of Labor

  • ID: 2247775
  • Book
  • 664 Pages
  • John Wiley and Sons Ltd
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This innovative new book from Xiaokai Yang introduces students to development economics through the lens of inframarginal and marginal analyses, and shows how this way of thinking has influenced a shift back to classical economic theory within the field of economic development. Yang offers a thorough analysis of trade and macroeconomics not to be found in comparable works, and focuses on institutional and transaction cost issues of critical interest to development economists.
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1. Introduction.

Part I: Geography and Microeconomic Mechanisms for Economic Development:.

2. Geography and Economic Development.

3. Driving Force I: Exogenous Comparative Advantage and Trading Efficiency.

4. Driving Force II: Endogenous Comparative Advantage and Trading Efficiency.

5. Driving Force III: Economies of Scale and Trading Efficiency.

6. Coexistence of Endogenous and Exogenous Comparative Advantages and Patterns of Development and Trade.

7. Structural Changes, Trade, and Economic Development.

Part II: The Institution of the Firm, Endogenous Transaction Costs, and Economic Development:.

8. Economic Development, the Institution of the Firm, and Entrepreneurship.

9. Endogenous Transaction Costs, Contract, and Economic Development.

10. Transaction Risk, Property Rights, Insurance, and Economic Development.

Part III: Urbanization and Industrialization:.

11. Urbanization, Dual Structure between Urban and Rural Areas, and Economic Development.

12. Industrialization, Structural Changes, Economic Development, and Division of Labor in Roundabout Production.

Part IV: Dynamic Mechanisms for Economic Development:.

13. Neoclassical Models of Economic Growth.

14. Economic Development Generated by Endogenous Evolution in Division of Labor.

15. Social Experiments and Evolution of Knowledge of Economic Development.

Part V: Macroeconomics of Development:.

16. Investment, Saving, and Economic Development.

17. Money, Division of Labor, and Economic Development.

18. Endogenous Business Cycles, Cyclical Unemployment, and Endogenous, Long–run Growth.

19. Economic Transition.



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Xiaokai Yang
Jeffrey D. Sachs
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