Inframarginal Economics

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
ISBN: 9789812389282
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Chapters in this book:

Ch 1 Introduction , pp 1-29

Xiaokai Yang and Wai-Man Liu

Ch 2 Consumer-producer's Decisions to Choose the Optimum Level and Pattern of Specialization , pp 31-57

Xiaokai Yang and Wai-Man Liu

Ch 3 Smithian General Equilibrium and Its Welfare Implications , pp 59-89

Xiaokai Yang and Wai-Man Liu

Ch 4 More General Smithian Models , pp 91-109

Xiaokai Yang and Wai-Man Liu

Ch 5 Trade Pattern and Professional Middlemen , pp 111-133

Xiaokai Yang and Wai-Man Liu

Ch 6 The Labor Market and the Institution of the Firm , pp 135-169

Xiaokai Yang and Wai-Man Liu

Ch 7 Pricing Mechanism Based on Bargaining , pp 171-204

Xiaokai Yang and Wai-Man Liu

Ch 8 Endogenous Transaction Costs and Theory of Contract, Ownership, and Residual Rights , pp 205-236

Xiaokai Yang and Wai-Man Liu

Ch 9 Emergence of International Trade from Domestic Trade and Emergence of New Products , pp 237-282

Xiaokai Yang and Wai-Man Liu

Ch 10 Exogenous Comparative Advantages in Technology and Endowment, Division of Labor, and Trade , pp 283-327

Xiaokai Yang and Wai-Man Liu

Ch 11 Inframarginal Analysis of Coexistence of Endogenous and Exogenous Comparative Advantage , pp 329-349

Xiaokai Yang and Wai-Man Liu

Ch 12 Urbanization, Dual Structure Between Urban and Rural Areas, and the Division of Labor , pp 351-390

Xiaokai Yang and Wai-Man Liu

Ch 13 The Trade off between Working and Leisure, and the Effects of Resource Scarcity and Population Size on the Division of Labor , pp 391-410

Xiaokai Yang and Wai-Man Liu

Ch 14 Economics of Property Rights and Insurance and Risk of Coordination Failure of the Network of Division of Labor , pp 411-464

Xiaokai Yang and Wai-Man Liu

Ch 15 The Division of Labor in Roundabout Production and Emergence of New Machines and Related New Technology , pp 465-493

Xiaokai Yang and Wai-Man Liu

Ch 16 Industrialization and the Division of Labor in Roundabout Production , pp 495-525

Xiaokai Yang and Wai-Man Liu

Ch 17 Hierarchical Structure of the Network of Division of Labor and Related Transactions , pp 527-564

Xiaokai Yang and Wai-Man Liu

Ch 18 Economic Growth Generated by Endogenous Evolution in Division of Labor , pp 565-604

Xiaokai Yang and Wai-Man Liu

Ch 19 Concurrent Endogenous Evolution in Division of Labor, in the Number of Goods, and in the Institution of the Firm , pp 605-633

Xiaokai Yang and Wai-Man Liu

Ch 20 Experiments with Structures of Division of Labor and Evolution in Organization Information Acquired by Society , pp 635-672

Xiaokai Yang and Wai-Man Liu

Ch 21 Theory of Investment and Saving , pp 673-708

Xiaokai Yang and Wai-Man Liu

Ch 22 Money and Division of Labor , pp 709-729

Xiaokai Yang and Wai-Man Liu

Ch 23 Smithian Theory of Business Cycles and Unemployment , pp 731-778

Xiaokai Yang and Wai-Man Liu

Ch 24 Effects of Monetary and Fiscal Policies on the Network Size of Division of Labor , pp 779-803

Xiaokai Yang and Wai-Man Liu

Ch 25 Inframarginal Analysis of Political Economy , pp 805-826

Xiaokai Yang and Wai-Man Liu

Ch 26 Inframarginal Analysis of e-Business and Franchising , pp 827-850

Xiaokai Yang and Wai-Man Liu

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