Increasing Returns And Economic Analysis
Kenneth J. Arrow (Editor), Yew-Kwang Ng (Editor), Xiaokai YangBooks.org participates in affiliate programs including Bookshop.org and the Amazon Services LLC Associates Program. We may earn a commission from qualifying purchases made through links on this page, at no additional cost to you.
Overview
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.
Synopsis
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.
Booknews
Twenty-one articles discuss increasing returns; economies of scale; and related neo-classical issues of specialization, division of labor, and the evolutions of economic organizations. Subjects cover topics such as population size, the emergence of the division of labor, and the development of money; simulations of the effects of unilateral trade liberalization on the Australian economy; symmetric equilibrium models of relative conspicuous consumption in relation to monopolistic competition; and the role of resources and population in endogenous growth. Annotation c. by Book News, Inc., Portland, Or.