LEADER 04699nam 22007335 450 001 9910337675703321 005 20240509024014.0 010 $a9783030044268 010 $a3030044262 024 7 $a10.1007/978-3-030-04426-8 035 $a(CKB)4100000007610968 035 $a(DE-He213)978-3-030-04426-8 035 $a(MiAaPQ)EBC5921170 035 $a(EXLCZ)994100000007610968 100 $a20190209d2019 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aEconomic Wealth Creation and the Social Division of Labour $eVolume II: Network Economies /$fby Robert P. Gilles 205 $a1st ed. 2019. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2019. 215 $a1 online resource (XIV, 311 p. 48 illus., 45 illus. in color.) 311 08$a9783030044251 311 08$a3030044254 327 $aChapter 1: Commodities, consumption and production -- Chapter 2: Wealth creation in primitive economies -- Chapter 3: The competitive price mechanism -- Chapter 4: Objective specialisation: The Smithian perspective -- Chapter 5: Production networks -- Chapter 6: Inequality in network economies. 330 $a'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. Robert P. Gilles is Professor of Economics at Queen's University Belfast, UK. He has previously taught in the USA and the Netherlands. His research focuses on the economic theory of the social division of labour. 606 $aEconometrics 606 $aInternational economic relations 606 $aMicroeconomics 606 $aEvolutionary economics 606 $aInstitutional economics 606 $aLabor economics 606 $aEconomic policy 606 $aQuantitative Economics 606 $aInternational Political Economy' 606 $aMicroeconomics 606 $aInstitutional and Evolutionary Economics 606 $aLabor Economics 606 $aEconomic Policy 615 0$aEconometrics. 615 0$aInternational economic relations. 615 0$aMicroeconomics. 615 0$aEvolutionary economics. 615 0$aInstitutional economics. 615 0$aLabor economics. 615 0$aEconomic policy. 615 14$aQuantitative Economics. 615 24$aInternational Political Economy'. 615 24$aMicroeconomics. 615 24$aInstitutional and Evolutionary Economics. 615 24$aLabor Economics. 615 24$aEconomic Policy. 676 $a338.9 676 $a330.16 700 $aGilles$b Robert P$4aut$4http://id.loc.gov/vocabulary/relators/aut$0976941 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910337675703321 996 $aEconomic Wealth Creation and the Social Division of Labour$92225543 997 $aUNINA