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The Return to Increasing Returns
Buchanan
€ 104.43
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Description for The Return to Increasing Returns
Hardcover. Makes available important articles on increasing returns as related to the size of the economy Editor(s): Buchanan, James M.; Yoon, Yong J. Num Pages: 392 pages, figures, tables. BIC Classification: KCA; KCC. Category: (P) Professional & Vocational. Dimension: 152 x 229 x 36. Weight in Grams: 740.
The wealth of a nation depends on the division of labor, and the division of labor depends on the extent of the market. Adam Smith advanced this proposition in 1776, but neoclassical economists, in particular, have had difficulty incorporating it into conversational models. Increasing returns, as related to the size of the market nexus, have never found a secure place in economic theory, despite early efforts by Adam Smith, Alfred Marshall, and Allyn Young.
The neoclassical theory of distribution, developed in the last decades of the nineteenth century, relies on the postulate that in equilibrium there exist constant ... Read more
Product Details
Format
Hardback
Publication date
1994
Publisher
University of Michigan Press
Condition
New
Number of Pages
392
Place of Publication
Ann Arbor, United States
ISBN
9780472104321
SKU
V9780472104321
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
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