The return to increasing returns:
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 conventional models. Increasing returns, as rela...
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Ann Arbor
Univ. of Michigan Press
1994
|
| Schlagworte: | |
| Zusammenfassung: | 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 conventional 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 returns to scale, not only in particular firms and industries, but in the economy as a whole. As general equilibrium theory developed, emphasis was shifted to the properties of equilibrium, to the proofs of its existence, and to the attributes of welfare The possibility of increasing returns represented an analytical "monkey wrench" thrown in the whole neoclassical structure. Thus, the neglect of increasing returns may have been methodologically understandable - if scientifically scandalous. Only in recent years has the increasing returns postulate returned to the mainstream through analyses of endogenous growth, international trade, unemployment, and the economics of ethics |
| Beschreibung: | Literaturangaben |
| Beschreibung: | IX, 382 S. graph. Darst. |
| ISBN: | 0472104322 |
Internformat
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| 520 | 3 | |a 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 conventional 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 | |
| 520 | |a The neoclassical theory of distribution, developed in the last decades of the nineteenth century, relies on the postulate that in equilibrium there exist constant returns to scale, not only in particular firms and industries, but in the economy as a whole. As general equilibrium theory developed, emphasis was shifted to the properties of equilibrium, to the proofs of its existence, and to the attributes of welfare | ||
| 520 | |a The possibility of increasing returns represented an analytical "monkey wrench" thrown in the whole neoclassical structure. Thus, the neglect of increasing returns may have been methodologically understandable - if scientifically scandalous. Only in recent years has the increasing returns postulate returned to the mainstream through analyses of endogenous growth, international trade, unemployment, and the economics of ethics | ||
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Datensatz im Suchindex
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| indexdate | 2024-07-09T17:39:13Z |
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| spelling | The return to increasing returns ed. by James M. Buchanan ... Ann Arbor Univ. of Michigan Press 1994 IX, 382 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturangaben 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 conventional 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 returns to scale, not only in particular firms and industries, but in the economy as a whole. As general equilibrium theory developed, emphasis was shifted to the properties of equilibrium, to the proofs of its existence, and to the attributes of welfare The possibility of increasing returns represented an analytical "monkey wrench" thrown in the whole neoclassical structure. Thus, the neglect of increasing returns may have been methodologically understandable - if scientifically scandalous. Only in recent years has the increasing returns postulate returned to the mainstream through analyses of endogenous growth, international trade, unemployment, and the economics of ethics Geschichte gnd rswk-swf Schaalvoordelen gtt Wirtschaftsentwicklung Economic development Economies of scale Industrial productivity Produktivität (DE-588)4047364-8 gnd rswk-swf Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Geschichte (DE-588)4020517-4 gnd rswk-swf Ertrag (DE-588)4152914-5 gnd rswk-swf Grössenstruktur (DE-588)4235997-1 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Wachstumstheorie (DE-588)4128160-3 s Geschichte (DE-588)4020517-4 s DE-604 Geschichte z 1\p DE-604 Wirtschaftsentwicklung (DE-588)4066438-7 s 2\p DE-604 Produktivität (DE-588)4047364-8 s 3\p DE-604 Ertrag (DE-588)4152914-5 s 4\p DE-604 Grössenstruktur (DE-588)4235997-1 s 5\p DE-604 Buchanan, James M. 1919-2013 Sonstige (DE-588)118516566 oth 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 4\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 5\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | The return to increasing returns Schaalvoordelen gtt Wirtschaftsentwicklung Economic development Economies of scale Industrial productivity Produktivität (DE-588)4047364-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wachstumstheorie (DE-588)4128160-3 gnd Geschichte (DE-588)4020517-4 gnd Ertrag (DE-588)4152914-5 gnd Grössenstruktur (DE-588)4235997-1 gnd |
| subject_GND | (DE-588)4047364-8 (DE-588)4066438-7 (DE-588)4128160-3 (DE-588)4020517-4 (DE-588)4152914-5 (DE-588)4235997-1 (DE-588)4143413-4 |
| title | The return to increasing returns |
| title_auth | The return to increasing returns |
| title_exact_search | The return to increasing returns |
| title_full | The return to increasing returns ed. by James M. Buchanan ... |
| title_fullStr | The return to increasing returns ed. by James M. Buchanan ... |
| title_full_unstemmed | The return to increasing returns ed. by James M. Buchanan ... |
| title_short | The return to increasing returns |
| title_sort | the return to increasing returns |
| topic | Schaalvoordelen gtt Wirtschaftsentwicklung Economic development Economies of scale Industrial productivity Produktivität (DE-588)4047364-8 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wachstumstheorie (DE-588)4128160-3 gnd Geschichte (DE-588)4020517-4 gnd Ertrag (DE-588)4152914-5 gnd Grössenstruktur (DE-588)4235997-1 gnd |
| topic_facet | Schaalvoordelen Wirtschaftsentwicklung Economic development Economies of scale Industrial productivity Produktivität Wachstumstheorie Geschichte Ertrag Grössenstruktur Aufsatzsammlung |
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