Description

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.

Economic Development and the Division of Labor

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Hardback by Xiaokai Yang , Jeffrey D. Sachs

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This innovative new text from Jeffrey Sachs and Xiokai Yang introduces students to development economics from the perspectives of inframarginal... Read more

    Publisher: John Wiley and Sons Ltd
    Publication Date: 11/04/2003
    ISBN13: 9780631220039, 978-0631220039
    ISBN10: 0631220038

    Number of Pages: 660

    Non Fiction , Business, Finance & Law

    Description

    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.

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