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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.

Produktbeschreibung
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.
Autorenporträt
Xiaokai Yang is a Personal Chair Professor in the Department of Economics at Monash University and a Fellow of the Academy of Social Sciences in Australia. His research papers have appeared in The American Economic Review, Journal of Political Economy, Journal of Economics, and other journals. He is the author of Economics: New Classical versus Neoclassical Frameworks (Blackwell, 2000).
Rezensionen
"Economic Development and the Division of Labor is anexciting contribution that offers innovative perspectives on growthand development. It covers a void in the literature, and provides arich and deep interpretation of the impact of endogenousspecialization, institutions, and economic structure on growth. Thetext strikes a very good balance between the intuitive andanalytical discussions, and relies constantly on references tocontemporary data and the problems facing developingcountries." Joshua Aizenman, Dartmouth College

"Economists, whatever their speciality, will find the bookrewarding to read and stimulating to teach." Merton J.Peck, Yale University

"Xiaokai Yang is one of the world's most penetratingand exacting economic theorists, and one of the most creative mindsin the economics profession." Jeffrey D. Sachs, ColumbiaUniversity