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Inframarginal economics / Xiaokai Yang, Wai-Man Liu
New Jersey : World Scientific, 2009
xx, 904 pages. : illustrations. ; 24 cm.
Ký hiệu phân loại (DDC): 330.1
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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