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Specialization and Division of Labour: A Survey

In: Increasing Returns and Economic Analysis

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  • Xiaokai Yang
  • Siang Ng

Abstract

The purpose of this chapter is to survey the literature on specialization and the division of labour in society. In the introductory section the classical literature on specialization is briefly reviewed. The neoclassical literature on specialization and new trade and growth theory based on marginal analysis will be reviewed in Section 1.2. The formal decision models that apply inframarginal analysis to endogenize individuals’ levels of specialization and the equilibrium models that apply marginal analysis to endogenize individuals’ levels of specialization will be surveyed in Section 1.3. New classical equilibrium models of specialization based on corner solutions and inframarginal analysis will be surveyed in Section 1.4.

Suggested Citation

  • Xiaokai Yang & Siang Ng, 1998. "Specialization and Division of Labour: A Survey," Palgrave Macmillan Books, in: Kenneth J. Arrow & Yew-Kwang Ng & Xiaokai Yang (ed.), Increasing Returns and Economic Analysis, chapter 1, pages 3-63, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26255-7_1
    DOI: 10.1007/978-1-349-26255-7_1
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    2. repec:hal:spmain:info:hdl:2441/b0ghejdpldro9c499h4ajc937 is not listed on IDEAS
    3. repec:spo:wpecon:info:hdl:2441/b0ghejdpldro9c499h4ajc937 is not listed on IDEAS
    4. repec:spo:wpmain:info:hdl:2441/b0ghejdpldro9c499h4ajc937 is not listed on IDEAS
    5. Yao-Su Hu, 2019. "The Impact of Increasing Returns on Knowledge and Big Data: From Adam Smith and Allyn Young to the Age of Machine Learning and Digital Platforms," SPRU Working Paper Series 2019-14, SPRU - Science Policy Research Unit, University of Sussex Business School.
    6. repec:hal:wpspec:info:hdl:2441/b0ghejdpldro9c499h4ajc937 is not listed on IDEAS
    7. repec:spo:wpmain:info:hdl:2441/2241 is not listed on IDEAS
    8. Daudin, Guillaume, 2010. "Domestic Trade and Market Size in Late-Eighteenth-Century France," The Journal of Economic History, Cambridge University Press, vol. 70(3), pages 716-743, September.
    9. Zhong-Yuan Han & Shu-Lin Wang, 2012. "Theory on the Functions of a Firm: A Resolution to Smith¡¯s Dilemma," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 3(1), pages 18-31, February.
    10. repec:hal:wpspec:info:hdl:2441/2241 is not listed on IDEAS
    11. Schmitz, Patrick W. & Sliwka, Dirk, 2001. "On synergies and vertical integration," International Journal of Industrial Organization, Elsevier, vol. 19(8), pages 1281-1295, September.
    12. repec:hal:spmain:info:hdl:2441/2241 is not listed on IDEAS

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