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The gains from specialization and population size

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  • Ruffin, Roy J.

Abstract

This note combines three ideas: the association of more people with new goods, the comparative advantages of individuals, and economic happiness. People may not be happier in a larger knowledge economy, but the gains from specialization are necessarily larger.

Suggested Citation

  • Ruffin, Roy J., 2009. "The gains from specialization and population size," Economics Letters, Elsevier, vol. 105(1), pages 76-77, October.
    • Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:76-77
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Gary S. Becker & Kevin M. Murphy, 1994. "The Division of Labor, Coordination Costs, and Knowledge," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 299-322, National Bureau of Economic Research, Inc.
    3. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-1831, November.
    4. Xiaokai Yang & Jeff Borland, 2005. "A Microeconomic Mechanism For Economic Growth," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 18, pages 409-436, World Scientific Publishing Co. Pte. Ltd..
    5. Ruffin, Roy J, 1988. "The Missing Link: The Ricardian Approach to the Factor Endowments Theory of Trade," American Economic Review, American Economic Association, vol. 78(4), pages 759-772, September.
    6. Wilfred J. Ethier, 2007. "The Greater the Differences, the Greater the Gains?," Working Papers 001-08, International School of Economics at TSU, Tbilisi, Republic of Georgia, revised Mar 2008.
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    Cited by:

    1. Kwok Tong Soo, 2014. "The gains from external scale economies and comparative advantage," Economics Bulletin, AccessEcon, vol. 34(1), pages 84-88.

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