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Palgrave Macmillan

Increasing Returns and Economic Analysis

  • Book
  • © 1998

Overview

Editors:
  1. Kenneth J. Arrow

    1. Stanford University, USA

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  2. Yew-Kwang Ng

    1. Chinese University of Hong Kong, Hong Kong
      Monash University, Australia

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  3. Xiaokai Yang

    1. Monash University, Australia

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Table of contents (28 chapters)

  1. Front Matter

    Pages i-xxv
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  2. Specialization, Organization and Growth: New Classical Economics

    1. Front Matter

      Pages 1-1
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    2. Specialization and Division of Labour: A Survey

      • Xiaokai Yang, Siang Ng
      Pages 3-63

    3. Comment

      • James M. Buchanan
      Pages 64-65

    4. Comment

      • Jeff Borland
      Pages 66-70

    5. Specialization and the Emergence and the Value of Money

      • Wenli Cheng
      Pages 71-89

    6. Productivity, Investment in Infrastructure and Population Size: Formalizing the Theory of Ester Boserup

      • C. Y. Cyrus Chu, Yao-Chou Tsai
      Pages 90-107

    7. The Inframarginal Analysis of Demand and Supply and the Relationship between a Minimum Level of Consumption and the Division of Labour

      • Monchi Lio
      Pages 108-126

    8. Economies of Specialization and Trade

      • Siang Ng
      Pages 127-144

    9. Centralized Hierarchy within a Firm and Decentralized Hierarchy in the Market

      • Heling Shi, Xiaokai Yang
      Pages 145-169

    10. An Analytical Framework of Consumer-Producers, Economies of Specialization and Transaction Costs

      • Mei Wen
      Pages 170-185

    11. An Extended Ethier Model with the Tradeoff between Economies of Scale and Transaction Costs

      • Kar-yiu Wong, Xiaokai Yang
      Pages 186-204

    12. Policy Analysis in a Dynamic Model with Endogenous Specialization

      • Junxi Zhang
      Pages 205-215

  3. Economies of Scale and Monopolistic Competition

    1. Front Matter

      Pages 217-217
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    2. Increasing Retums, Constant Retums and Micro-Macro Economics

      • Robin Marris
      Pages 219-231

    3. Non-Neutrality of Money Under Non-Perfect Competition: Why Do Economists Fail to See the Possibility?

      • Yew-Kwang Ng
      Pages 232-252

    4. Comment

      • Robin Marris
      Pages 253-254

    5. A Dynamic Model of Monopolistic Competition with Trade Externalities and Fiscal Policy

      • Kee Nam Cheung
      Pages 255-277

    6. Comment

      • Chun-Sin Hwang
      Pages 278-279

    7. Industrialization Policy and the ‘Big Push’

      • Joshua Gans
      Pages 280-304
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Keywords

About this book

Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.

Reviews

'...the volume provides a wealth of stimulating material for economists.' - Elet, University of Bologna

Editors and Affiliations

  • Stanford University, USA

    Kenneth J. Arrow

  • Chinese University of Hong Kong, Hong Kong

    Yew-Kwang Ng

  • Monash University, Australia

    Yew-Kwang Ng, Xiaokai Yang

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