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The New Institutional Economics might have significant interactions with the economics of non-human societies. Some possibilities are considered in connection with the ideas of Yarbrough and Yarbrough on human soieties. First, the need for enforcement may be less when the organisms in question...
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has been marginalized in economic theory because it doesn't fit into neoclassical models. Using agent-based simulation (in …
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Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be...
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pt. 1. Pre-Smith analyses -- pt. 2. The Smithian economics of the division of labor -- pt. 3. Marx on the division of labor in capitalist manufacturing and the Hayekian problem of knowledge -- pt. 4. Economic development framed in the economics of the division of labor.
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Xiaokai Yang's theory of economic specialization 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 labor. In this theory specialization and …
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