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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Baumgardner, J. (1988), ‘The Division of Labor, Local Markets, and Worker Organization’, Journal of Political Economy, 96, 509–27.
Coase, R. (1937), ‘The Nature of the Firm’, Economica, 4, 386–405.
Hart, O. (1996), Firms, Contracts, and Financial Structure (Oxford: Oxford University Press).
Houthakker, H. (1956), ‘Economics and Biology: Specialization and Speciation’, Kyklos, 9, 181–7.
Lio, M. (1996), Increasing Retums and Specialization, P.h.D. Dissertation, Department of Economics, National Taiwan University.
Romer, P. (1989), ‘Increasing Retums and New Developments in the Theory of Growth’, Working Paper, 3098 (Cambridges, MA: NBER).
Yang, X. and Ng, Y.-K. (1993), Specialization and Economic Organization, a New Classical Microeconomic Framework (Amsterdam, North-Holland).
Yang, X. and Yeh, Y. (1996), ‘A General Equilibrium Model Endogenizing the Principal-Agent Relationship’, Seminar Paper, Department of Economics, Monash University.
Young, A. (1928), ‘Increasing Retums and Economic Progress’, The Economic Journal, 38, 527–42.
Editor information
Editors and Affiliations
Copyright information
© 1998 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Borland, J. (1998). Comment. In: Arrow, K.J., Ng, YK., Yang, X. (eds) Increasing Returns and Economic Analysis. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26255-7_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-26255-7_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-26257-1
Online ISBN: 978-1-349-26255-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)