This paper considers the effects of the division of labor on economic growth and welfare in a general equilibrium environment where changes in individual specialization and product development can proceed simultaneously. The nature of the dynamic equilibrium is shown to depend on the interaction...

Key Features:An excellent introduction to the emerging field of inframarginal economicsA novel collection of key contributions in the field of inframarginal development economicsProvides an evolutionary perspective of the study of economic development.

Inframarginal analysis represents a methodology that extends marginalanalysis, using non-classical mathematical programming, in efforts toinvestigate corner solutions and indivisibilities. As such thisapproach has been used to reintroduce classical insights regarding thedivision of labor and...