Skip to main content
  • 103 Accesses

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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

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.

    Article  Google Scholar 

  • Coase, R. (1937), ‘The Nature of the Firm’, Economica, 4, 386–405.

    Article  Google Scholar 

  • Hart, O. (1996), Firms, Contracts, and Financial Structure (Oxford: Oxford University Press).

    Google Scholar 

  • Houthakker, H. (1956), ‘Economics and Biology: Specialization and Speciation’, Kyklos, 9, 181–7.

    Article  Google Scholar 

  • Lio, M. (1996), Increasing Retums and Specialization, P.h.D. Dissertation, Department of Economics, National Taiwan University.

    Google Scholar 

  • Romer, P. (1989), ‘Increasing Retums and New Developments in the Theory of Growth’, Working Paper, 3098 (Cambridges, MA: NBER).

    Book  Google Scholar 

  • Yang, X. and Ng, Y.-K. (1993), Specialization and Economic Organization, a New Classical Microeconomic Framework (Amsterdam, North-Holland).

    Google Scholar 

  • Yang, X. and Yeh, Y. (1996), ‘A General Equilibrium Model Endogenizing the Principal-Agent Relationship’, Seminar Paper, Department of Economics, Monash University.

    Google Scholar 

  • Young, A. (1928), ‘Increasing Retums and Economic Progress’, The Economic Journal, 38, 527–42.

    Article  Google Scholar 

Download references

Authors

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

Publish with us

Policies and ethics