Economics New Classical Versus Neoclassical Frameworks
, by Yang, Xiaokai- ISBN: 9780631220022 | 063122002X
- Cover: Paperback
- Copyright: 3/5/2001
This innovative text ushers in a new way of examining basic economic issues. It teaches economics from a different standpoint, using a division-of-labor theme to eliminate the need for a dichotomy between microeconomics and macroeconomics. This text shows how resource allocation and levels of division of labor are determining factors for demand and supply. It also illustrates the ways that unemployment and business cycles are seen as features of the network of division of labor.While innovative in content, this book keeps the continuity of mainstream economics through a synthesis of existing and emerging branches of economics. It is an exceptional work that will encourage both creative and critical thinking.
Xiaokai Yang is Professor in the Department of Economics at Monash University and an affiliated Fellow in the Center for International Development, Harvard University. His research papers have appeared in The American Economic Review, Journal of Political Economy, and other refereed journals. He is the author of eight books, and is co-author, with Jeffrey Sachs, of Development Economics (Blackwell, 2001).
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xix | ||||
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xxii | ||||
Preface | xxiv | ||||
Part I: The Economic Environment | 1 | (66) | |||
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3 | (1) | |||
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3 | (2) | |||
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5 | (5) | |||
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10 | (5) | |||
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15 | (8) | |||
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19 | (1) | |||
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19 | (1) | |||
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20 | (3) | |||
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23 | (15) | |||
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23 | (1) | |||
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24 | (6) | |||
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30 | (4) | |||
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34 | (4) | |||
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35 | (1) | |||
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36 | (1) | |||
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36 | (1) | |||
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36 | (2) | |||
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38 | (29) | |||
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38 | (1) | |||
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39 | (4) | |||
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43 | (16) | |||
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45 | (3) | |||
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48 | (1) | |||
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48 | (5) | |||
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53 | (6) | |||
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59 | (8) | |||
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61 | (1) | |||
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62 | (1) | |||
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62 | (1) | |||
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63 | (4) | |||
Part II: The Neoclassical Framework | 67 | (62) | |||
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69 | (25) | |||
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69 | (2) | |||
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71 | (5) | |||
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76 | (3) | |||
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79 | (4) | |||
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83 | (1) | |||
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84 | (1) | |||
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85 | (9) | |||
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89 | (1) | |||
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90 | (1) | |||
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90 | (1) | |||
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91 | (3) | |||
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94 | (35) | |||
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94 | (4) | |||
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98 | (5) | |||
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103 | (8) | |||
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111 | (2) | |||
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113 | (16) | |||
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113 | (1) | |||
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113 | (3) | |||
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116 | (1) | |||
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117 | (1) | |||
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118 | (3) | |||
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121 | (1) | |||
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122 | (1) | |||
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122 | (1) | |||
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123 | (6) | |||
Part III: The New Classical Framework | 129 | (60) | |||
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131 | (18) | |||
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131 | (2) | |||
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133 | (3) | |||
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136 | (5) | |||
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141 | (2) | |||
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141 | (2) | |||
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143 | (1) | |||
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143 | (6) | |||
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145 | (1) | |||
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146 | (1) | |||
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146 | (2) | |||
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148 | (1) | |||
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149 | (22) | |||
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149 | (2) | |||
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151 | (7) | |||
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152 | (4) | |||
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156 | (2) | |||
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158 | (5) | |||
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158 | (3) | |||
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161 | (1) | |||
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162 | (1) | |||
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163 | (8) | |||
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163 | (2) | |||
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165 | (1) | |||
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165 | (2) | |||
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167 | (1) | |||
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168 | (1) | |||
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168 | (1) | |||
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169 | (2) | |||
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171 | (18) | |||
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171 | (1) | |||
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172 | (1) | |||
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173 | (2) | |||
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175 | (4) | |||
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175 | (2) | |||
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177 | (2) | |||
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179 | (2) | |||
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181 | (1) | |||
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182 | (7) | |||
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185 | (1) | |||
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185 | (1) | |||
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185 | (3) | |||
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188 | (1) | |||
Part IV: The Institution of the Firm and Pricing Through Bargaining and Contracting | 189 | (68) | |||
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191 | (25) | |||
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191 | (2) | |||
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193 | (3) | |||
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196 | (10) | |||
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196 | (1) | |||
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197 | (5) | |||
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202 | (4) | |||
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206 | (1) | |||
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207 | (9) | |||
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210 | (1) | |||
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210 | (1) | |||
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211 | (2) | |||
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213 | (3) | |||
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216 | (18) | |||
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216 | (1) | |||
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217 | (4) | |||
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221 | (2) | |||
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223 | (2) | |||
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225 | (2) | |||
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227 | (3) | |||
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230 | (4) | |||
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231 | (1) | |||
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231 | (1) | |||
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232 | (1) | |||
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233 | (1) | |||
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234 | (23) | |||
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234 | (2) | |||
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236 | (4) | |||
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240 | (5) | |||
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245 | (2) | |||
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247 | (4) | |||
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251 | (6) | |||
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252 | (1) | |||
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253 | (1) | |||
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253 | (1) | |||
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254 | (3) | |||
Part V: Trade Theory and More General New Classical Models | 257 | (98) | |||
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259 | (35) | |||
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259 | (3) | |||
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262 | (1) | |||
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262 | (4) | |||
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266 | (1) | |||
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267 | (3) | |||
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270 | (4) | |||
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274 | (1) | |||
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275 | (3) | |||
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278 | (2) | |||
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280 | (5) | |||
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285 | (9) | |||
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288 | (1) | |||
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289 | (1) | |||
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289 | (3) | |||
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292 | (2) | |||
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294 | (32) | |||
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294 | (2) | |||
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296 | (5) | |||
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301 | (4) | |||
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305 | (7) | |||
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312 | (14) | |||
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320 | (1) | |||
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320 | (1) | |||
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321 | (3) | |||
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324 | (2) | |||
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326 | (29) | |||
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326 | (2) | |||
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328 | (2) | |||
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330 | (5) | |||
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335 | (2) | |||
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337 | (3) | |||
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340 | (15) | |||
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346 | (1) | |||
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347 | (1) | |||
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347 | (3) | |||
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350 | (5) | |||
Part VI: Urbanization, Population, and the Trade-Off Between Working and Leisure | 355 | (46) | |||
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357 | (28) | |||
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357 | (2) | |||
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359 | (4) | |||
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363 | (6) | |||
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369 | (10) | |||
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379 | (6) | |||
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382 | (1) | |||
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382 | (1) | |||
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383 | (1) | |||
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384 | (1) | |||
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385 | (16) | |||
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385 | (3) | |||
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388 | (3) | |||
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391 | (3) | |||
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394 | (7) | |||
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398 | (1) | |||
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398 | (1) | |||
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398 | (1) | |||
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399 | (2) | |||
Part VII: The Trade-Off Between Economies of Division of Labor and the Coordination Reliability of the Network of Division of Labor | 401 | (46) | |||
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403 | (27) | |||
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403 | (4) | |||
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407 | (4) | |||
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411 | (8) | |||
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412 | (1) | |||
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413 | (1) | |||
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414 | (1) | |||
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414 | (2) | |||
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416 | (3) | |||
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419 | (11) | |||
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424 | (1) | |||
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425 | (1) | |||
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425 | (2) | |||
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427 | (3) | |||
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430 | (17) | |||
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430 | (2) | |||
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432 | (4) | |||
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436 | (11) | |||
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444 | (1) | |||
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444 | (1) | |||
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444 | (1) | |||
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445 | (2) | |||
Part VIII: The Hierarchical Structure of Division of Labor | 447 | (74) | |||
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449 | (23) | |||
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449 | (2) | |||
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451 | (2) | |||
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453 | (1) | |||
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454 | (4) | |||
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458 | (1) | |||
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459 | (1) | |||
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460 | (2) | |||
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462 | (10) | |||
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467 | (1) | |||
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468 | (1) | |||
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468 | (2) | |||
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470 | (2) | |||
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472 | (21) | |||
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472 | (4) | |||
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476 | (1) | |||
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477 | (3) | |||
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480 | (3) | |||
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483 | (1) | |||
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484 | (9) | |||
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487 | (1) | |||
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487 | (1) | |||
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487 | (4) | |||
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491 | (2) | |||
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493 | (28) | |||
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493 | (3) | |||
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496 | (2) | |||
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498 | (4) | |||
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502 | (7) | |||
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509 | (1) | |||
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510 | (11) | |||
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511 | (1) | |||
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512 | (3) | |||
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515 | (2) | |||
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517 | (1) | |||
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517 | (1) | |||
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517 | (1) | |||
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518 | (3) | |||
Part IX: Economic Development and Economic Growth | 521 | (100) | |||
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523 | (21) | |||
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523 | (3) | |||
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526 | (7) | |||
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533 | (11) | |||
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539 | (1) | |||
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540 | (1) | |||
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540 | (1) | |||
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541 | (3) | |||
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544 | (29) | |||
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544 | (3) | |||
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547 | (2) | |||
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549 | (11) | |||
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549 | (1) | |||
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550 | (1) | |||
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551 | (9) | |||
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560 | (3) | |||
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563 | (10) | |||
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568 | (1) | |||
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569 | (1) | |||
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570 | (1) | |||
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570 | (1) | |||
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571 | (2) | |||
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573 | (22) | |||
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573 | (2) | |||
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575 | (1) | |||
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576 | (7) | |||
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583 | (12) | |||
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587 | (1) | |||
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588 | (2) | |||
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590 | (1) | |||
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591 | (1) | |||
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592 | (1) | |||
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592 | (1) | |||
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593 | (2) | |||
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595 | (26) | |||
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595 | (5) | |||
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600 | (2) | |||
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602 | (4) | |||
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606 | (15) | |||
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616 | (1) | |||
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617 | (1) | |||
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617 | (2) | |||
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619 | (2) | |||
Part X: Macroeconomic Phenomena and the Endogenous Size of the Network of Division of Labor | 621 | (78) | |||
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623 | (26) | |||
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623 | (3) | |||
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626 | (5) | |||
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631 | (6) | |||
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631 | (1) | |||
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632 | (3) | |||
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635 | (2) | |||
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637 | (12) | |||
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638 | (4) | |||
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642 | (2) | |||
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644 | (1) | |||
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645 | (1) | |||
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645 | (1) | |||
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646 | (1) | |||
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647 | (2) | |||
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649 | (16) | |||
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649 | (4) | |||
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653 | (2) | |||
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655 | (10) | |||
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662 | (1) | |||
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662 | (1) | |||
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663 | (1) | |||
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663 | (2) | |||
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665 | (34) | |||
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665 | (7) | |||
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672 | (4) | |||
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676 | (2) | |||
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678 | (8) | |||
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678 | (1) | |||
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679 | (2) | |||
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681 | (2) | |||
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683 | (2) | |||
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685 | (1) | |||
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686 | (3) | |||
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689 | (10) | |||
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691 | (1) | |||
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692 | (1) | |||
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692 | (2) | |||
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694 | (5) | |||
References | 699 | (25) | |||
Index | 724 |
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