Book description

This text offers a new way of looking at basic economic issues. It teaches economics from a different standpoint, based on specialization and the division of labour. Resource allocation for a given level of division of labour is shown as not the only determination for demand and supply. Levels of division of labour are shown as a major factor as well.

The division of labour theme allows the book to differ from previously published introductory works in that it eliminates the need for a dichotomy between microeconomics and macroeconomics. Many macroeconomic phenomena such as unemployment and business cycles are seen as features of the network of division of labour. Non-linear programming, dynamic programming, and other non- classical mathematical programming are employed to resurrect the spirit of classical mainstream economics within a modern formal framework.

About the Author

Xiaokai Yang is Professor in the Department of Economics at Monash University. His research papers have appeared in The American Economic Review, Journal of Political Economy, and other refereed journals. He is the author of several other books.

Borrow it: Monash University Library members can borrow this book. View the catalogue record for details.

Buy it: This book can be purchased online from amazon.com

Other publications by Monash staff

Need help? Ask a librarian via email, online chat or phone + 61 3 99055054

Monash University ABN 12 377 614 012  |  Australian Government Requirements for International Students - CRICOS Provider Number: 00008C  |  Copyright © 1994-2003 Monash University Library - Caution - Privacy - Last updated 3 June, 2009. - Today is 28 November, 2009. 05:55 PM