Pricing costs and information problems are introduced into a framework with consumer-producers, economies of specialization, and transaction costs to predict the endogenous and concurrent evolution in division of labor and in the information of organization acquired by society. The concurrent...

The institutional settings in China, including the land allocation system and the household registration system, lead to a rural–urban labour migration pattern that differs from that in other countries. Individual peasants' labour is often split (typically over different times of the year)...

The global financial crisis of 2008 challenges some relevant aspects of macroeconomic theory such as the neutrality of money. This paper shows that this neutrality is based on the unrealistic assumption of perfect competition. Relaxing this alone (without time lags, price rigidities, menu costs...