Increasing Returns and Inframarginal Economics
(ISSN: 1793-0960)
Series Editors
James Buchanan (George Mason University)
Ng Yew-Kwang (Monash University)
Guang-Zhen Sun (Monash University)
Increasing returns are ubiquitous. They occur at the levels of the firm, industry, economy, and even globally, at the level of the world. A number of related factors give rise to the phenomenon. They include prevalent features such as indivisibility, imperfect competition, learning costs, and economies of specialization. In particular, increasing returns at the economy level are achieved through the division of labor, raising productivity through tapping the economies of specialization. A proper analysis of specialization requires inframarginal analysis, the total cost-benefit analysis across different patterns of exchange and the division of labor, in addition to the marginal analysis of resource allocation for a given pattern of organization. This book series provides a venue for the publication of research monographs, textbooks, and collected volumes on this theme. It will be of interest to both academics and a wider audience.
To contribute to this book series, contact the editor Guang-Zhen Sun at Guang-Zhen.Sun@buseco.monash.edu.au
To download publication poposal form, please click here.
Published titles
Vol. 1
Inframarginal Approach to Trade Theory, An
by Xiaokai Yang, Wenli Cheng, Heling Shi & Christis G Tombazos
Vol. 2
Readings in the Economics of the Division of Labor
The Classical Tradition
edited by Guang-Zhen Sun
Vol. 3
Inframarginal Contributions to Development Economics
edited by Christis Tombazos & Xiaokai Yang
