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The Division of Labor in Roundabout Production and Emergence of New Machines and Related New Technology

In: Inframarginal Economics

Author

Listed:
  • Xiaokai Yang

    (University of New South Wales, Australia)

  • Wai-Man Liu

    (University of New South Wales, Australia)

Abstract

The following sections are included:Smithian vs. Neoclassical Views on the Emergence of New Producer Goods and Related New TechnologyA Model with Endogenous Technical Progress, Endogenous Number of Producer Goods, and Endogenous SpecializationThe Efficient Number of Producer Goods and Level of SpecializationThe Corner Equilibria in 9 StructuresConcurrent Changes in the Level of Division of Labor, Productivity, and Input DiversityEx post Production Function, Emergence of New Machines, and Endogenous Technical ProgressChanges in Economic Structure and Topological Properties of Economic OrganismEvolution in the Number of Producer Goods and Economic DevelopmentFurther ReadingQuestionsExercises

Suggested Citation

  • Xiaokai Yang & Wai-Man Liu, 2008. "The Division of Labor in Roundabout Production and Emergence of New Machines and Related New Technology," World Scientific Book Chapters, in: Inframarginal Economics, chapter 15, pages 465-493, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812837929_0015
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    More about this item

    Keywords

    Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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