The Economics Of Increasing Returns PDF Download
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Author | : W. Brian Arthur |
Publisher | : University of Michigan Press |
Total Pages | : 228 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780472022403 |
Download Increasing Returns and Path Dependence in the Economy Book in PDF, ePub and Kindle
Pioneering work on an important new approach to economics.
Author | : James M. Buchanan |
Publisher | : University of Michigan Press |
Total Pages | : 400 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780472104321 |
Download The Return to Increasing Returns Book in PDF, ePub and Kindle
Makes available important articles on increasing returns as related to the size of the economy
Author | : G. M. Heal |
Publisher | : Edward Elgar Pub |
Total Pages | : 598 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781858981604 |
Download The Economics of Increasing Returns Book in PDF, ePub and Kindle
'This volume in the series "The International Library of Critical Writings in Economics", is an essential reference source for researchers, containing a selection of most important and pioneering articles written by the most outstanding experts in the field. . . . Certainly, it is a benefit to economists to have all these path-breaking papers from widely scattered sources brought together conveniently. Such papers represent the progress of research, which already looks impressive. the volume will be an important stimulus to further research as well.' - Elettra Agliardi, the Economic Journal the Economics of Increasing Returns presents an authoritative collection of the most significant papers by leading scholars in this key area of economics.
Author | : W. Brian Arthur |
Publisher | : Penguin UK |
Total Pages | : 261 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 0141031638 |
Download The Nature of Technology Book in PDF, ePub and Kindle
The Nature of Technology will change the way you think about this fundamental subject forever. W. Brian Arthur's many years of thinking and writing about technology have culminated in a unique understanding of his subject. Here he examines the nature of technology itself: what is it and how does it evolve? Giving rare insights into the evolution of specific technologies and a new framework for thinking about others, every sentence points to some further truth and fascination. At a time when we are ever more reliant on technological solutions for the world's problems, it is extraordinary how little we actually understand the processes that lead to innovation and invention. Until now. This will be a landmark book that will define its subject, and inspire people to think about technology in depth for the very first time.
Author | : Geoffrey M. Heal |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download The Economics of Increasing Returns Book in PDF, ePub and Kindle
Increasing returns is the source of some of the most powerful metaphors and intuitions in economics. Foremost among them are Adam Smith's statement that the division of labor is limited by the extent of the market and his discussion of the relationship between scale and economies of specialization in a pin factory. There is a weakness, strictly an error, in Adam Smith's analysis. Two phenomena that he grouped together and saw as integral to economic progress are in fact inconsistent. These are increasing returns with the consequent gains from specialization and the efficiency of the invisible hand. We now know that a society cannot have both, at least if one interprets the efficiency of the invisible hand as the Pareto efficiency of the competitive equilibrium, our only rigorous interpretation. This paper reviews the implications of increasing returns for several areas of economics: resource allocation and welfare economics; the micro foundations of macroeconomics; product variety and imperfect competition; information and information technology; economic growth; international trade. These cover the fields in which increasing returns cause departures from the results otherwise available. These departures are rather significant. Recognizing increasing returns affects the possibility of market equilibrium, can introduce sticky prices, causes economies to lock-in to inefficient technologies and introduce path-dependence, affects the possibility of continuing growth, produces hard problems for regulators, and changes our conception of the effects of international trade. All in all, increasing returns can change quite radically our view of how the economy operates. They make the economy seem more complicated and pose a challenge to our vision of a benign and powerful invisible hand.
Author | : Martine Quinzii |
Publisher | : Oxford University Press |
Total Pages | : 174 |
Release | : 1993-01-07 |
Genre | : Business & Economics |
ISBN | : 0195362241 |
Download Increasing Returns and Efficiency Book in PDF, ePub and Kindle
Increasing returns to scale is an area in economics that has recently become the focus of much attention. While most firms operate under constant or decreasing return to scale on their relevant range of production, some firms produce goods or services with a technology which exhibits increasing returns to scale at levels of production which are large relative to the market. These goods are an important component of economic activity in a modern economy and are typically commodities produced either by a public sector or, as in the U.S., by regulated utilities. In this study, the author analyzes increasing returns using general equilibrium theory to take into account the interactions between production in the public and the private sector, and the effects of financing the public sector on the redistribution of income.
Author | : Elhanan Helpman |
Publisher | : |
Total Pages | : 271 |
Release | : 1985-01-01 |
Genre | : Commerce |
ISBN | : 9780745001098 |
Download Market Structure and Foreign Trade Book in PDF, ePub and Kindle
Author | : Kenneth J. Arrow |
Publisher | : Springer |
Total Pages | : 478 |
Release | : 1998-04-12 |
Genre | : Business & Economics |
ISBN | : 1349262552 |
Download Increasing Returns and Economic Analysis Book in PDF, ePub and Kindle
Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
Author | : W. Brian Arthur |
Publisher | : |
Total Pages | : 11 |
Release | : 198? |
Genre | : |
ISBN | : |
Download Urban Systems and Historical Path-dependence Book in PDF, ePub and Kindle
Author | : David Warsh |
Publisher | : W. W. Norton & Company |
Total Pages | : 464 |
Release | : 2007-05-17 |
Genre | : Business & Economics |
ISBN | : 9780393066364 |
Download Knowledge and the Wealth of Nations: A Story of Economic Discovery Book in PDF, ePub and Kindle
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.