Economic Papers - Economic Society of Australia articles from June 2006

Economic Papers - Economic Society of Australia archives from June 2006

Yang's modern classical economics of specialisation and its implications.(Xiaokai Yang)(Biography)
June 1, 2006... This article outlines Professor Xiaokai Yang's life and contributions to economics in developing inframarginal economics or the modern classical economics of specialisation and division of labour. It explains the central trade-off between...

Marginal vs inframarginal analysis and the theory of distribution vs the development of a theory of economic organization.
June 1, 2006... This paper serves as a short introduction to inframarginal economics. Particular emphasis is given to the historical relevance of this approach, as well as to its key feature of reconciling neoclassical questions of distribution with classical...

The importance of private property rights for economic growth: the case of rural China, 1979-1987.
June 1, 2006... This is an extended and slightly revised version of an article by Wills and Yang published in Policy, Vol. 9, No. 1, Autumn 1993. The article was derived from a paper by Yang, Wang and Wills published in the China Economic Review in 1992. The...

A new perspective on economic development and income inequality.
June 1, 2006... This paper shows that, based on Yang and Zhang's (2003) analysis, economic development can be viewed as an evolutionary process of division of labour that is driven by improvements in transaction efficiency. Both economic development and income...

Transactions cost and the economic organization of hospitals.
June 1, 2006... Understanding the nature of hospitals and their raison d'etre in an environment of increasing efficiency requirements is crucial for both the administrators of hospitals and health policy makers alike. This paper critically reviews traditional...

Inframarginal analysis on impersonal networking decisions, e-commerce, and bundling sales.
June 1, 2006... In the second half of the 1990s the advent of e-commerce changed the way that businesses dealt with one another and marketed their products to the public. This article shows how the development of e-commerce and associated phenomena such as...

On socio-economic roles and specialization.
June 1, 2006... Xiaokai Yang's theory of economic specialisation under increasing returns to scale is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labour. In this theory specialisation--and...

Xiaokai Yang and the economics of specialization.
June 1, 2006... This article provides a brief introduction to the Yang model of specialisation and its implications for economic growth; and seeks to provide a basis for further research by suggesting some ideas on how work on the model might be developed. ...

Inframarginal economics: an outsider's view.
June 1, 2006... My impressions of inframarginal economics are: * It is best interpreted as providing underlying support for marginal economics. * Inframarginalists take as self-evident that division of labour and specialisation economies are paramount...

In defence of inframarginal economics.
June 1, 2006... This article examines Peter Dixon's critique of Inframarginal Economics and responds to the key issues raised in that critique. Keywords: Inframarginal economics, Economic methodology, Critique of inframarginalism, Marginal versus...