Overview
Develops models from the latest insights from network analysis and network economics
Includes problem sets at the end of each chapter
Develops new tools for economic policy making
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Table of contents (6 chapters)
Keywords
About this book
‘This is the second book of a two-volume set that continues Adam Smith's work, using the tools mathematical, experimental, and behavioural economists have developed since 1776. As in the first volume, markets are not the central organising principle. Instead, attention centres on social institutions and the division of labour that they enable. The book studies this via the endogenous division of labour that existing institutions help form. The first book in the series examined this problem deeply, resorting minimally to formal mathematical modelling; the second volume is where the formal modelling blossoms. General equilibrium theory meets network theory and receives a breath of fresh air, including a new viewpoint on economic inequality, the newly resurgent bane of capitalism. What I said for the first volume applies to this second volume equally: if you care to understand the economy, this book belongs to your bookshelf.’
—Dimitrios Diamantaras, Temple University, Philadelphia, USA
This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour.
This second volume introduces mathematical theories of the endogenous formation of social divisions of labour through which economic wealth is created. Gilles also investigates the causes of inequality in the social division of labour under imperfectly competitive conditions. These theories frame a comprehensive, innovative and consistent perspective on the functioning of the twenty-first century global economy, explaining many of its failings. Suitable reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy.Authors and Affiliations
About the author
Bibliographic Information
Book Title: Economic Wealth Creation and the Social Division of Labour
Book Subtitle: Volume II: Network Economies
Authors: Robert P. Gilles
DOI: https://doi.org/10.1007/978-3-030-04426-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2019
Softcover ISBN: 978-3-030-04425-1Published: 20 February 2019
eBook ISBN: 978-3-030-04426-8Published: 09 February 2019
Edition Number: 1
Number of Pages: XIV, 311
Number of Illustrations: 3 b/w illustrations, 45 illustrations in colour
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, International Political Economy, Microeconomics, Institutional/Evolutionary Economics, Labor Economics, Economic Policy