Comment

Jeff Borland

A chapter in Increasing Returns and Economic Analysis, 1998, pp 66-70 from Palgrave Macmillan

Abstract: Abstract Yang and Ng’s chapter 1 is in part a survey work, and in part a piece of advocacy. It is a survey of the literature on specialization and the division of labour. Its purpose as a piece of advocacy is to argue that the most appropriate method for studying the origins and effects of specialization in an economy is with the Yang ‘consumer-producer’ modelling approach.

Keywords: Transaction Cost; Incomplete Contract; Specific Human Capital; Macmillan Publisher; Consumer Approach (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26255-7_3

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DOI: 10.1007/978-1-349-26255-7_3

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