This paper presents a simple general equilibrium model of economic performance through time. The model incorporates four main determinants of economic performance: technology, capital investment, the division of labor and quality of institutions. It demonstrates that growth is not automatic even...

While the role of division of labour is very important, in itself its scope for promoting economic growth is limited. This scope is tremendously expanded when division of labour is compounded with that of capital accumulation and technical progress and the interaction/reinforcing effects between...

No abstract received.

No abstract received.

This Note takes a preliminary investigation into the axiomatic measurement of the division of labor. We first introduce a matrix that we refer to as labor specialization matrix (LSM) to describe specialization patterns of individuals, and then present some axioms for reasonable measures of the...

We discuss the emerging field of New Classical economics from the perspective of some classical economic questions regarding the generation of wealth. We limit our discussion to the foundations of the emerging field and do not provide a complete overview of the details of the literature. We...

No abstract received.

China's remarkable poverty alleviation is quite uneven across regions in the last quarter of the century. It is important to explore why China has such huge disparity in poverty distribution in spite of overall dramatic economic growth and the vast improvement in per capita income. The aim of...

By international standards, rates of disability in Britain are high, and employment rates for the disabled are low. This paper reviews the impact of disability on labour market outcomes in Britain. The British situation is firstly set in a legislative and policy context. The paper then...

Today, many pregnant women take a brief period of time off work to give birth. This article explores the effects of pregnancy employment on health at birth. Initial results show that pregnancy employment has beneficial effects. However, these effects often become statistically insignificant when...