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Inframarginal economics
Authors: ---
ISBN: 1282442430 9786612442438 9812837922 9789812837929 9789812389282 9812389288 9781282442436 6612442433 Year: 2009 Publisher: Singapore Hackensack, NJ World Scientific Pub., Co.

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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 systemat

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