Readings in the Economics of the Division of Labor: The classical tradition

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World Scientific, 2005 - Division of labor - 294 pages
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Study of the progressive division of labor is a burgeoning industry in economics in recent years. Classical authors, dating back as early as 500 BC, have made insightful analyses on the determinants and implications of the division of labor. Unfortunately these writings are rather scattered and not readily accessible. This important book aims to fill this void, serving as a valuable source of reference for scholars interested in the economics of specialization. The volume begins with the precursors of political economy including the ancient Greeks, medieval Islamic scholastics and mercantilists, continues with the classical political economists and the neoclassicists, and concludes with the Austrian economists such as Hayek in the 1940s. It covers major themes and perspectives about the division of labor that have ever emerged in the discipline of the economic science, including the economics of increasing returns to specialization, the twin ideas of division of labor and the extent of the market, the theory of the spontaneous market order, coordination in the factory system and large scale manufactures, knowledge and the division of mental labor, integration of analyses of specialization into the neoclassical framework, etc.
 

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Contents

The Economics of Division of Labor from Xenophon to Hayek 1945 A Review of Selected Literature
3
From Cyropcedia and Oeconomicus
37
From The Republic
43
From Politica
50
From The Muqaddimah
55
From Political Aritmetick and Another Essay on Political Aritmetick
65
From Considerations upon the EastIndia Trade
67
From The Fable of the Bees
71
From The Economy of Machinery and Manufactures
131
From The Philosophy of Manufactures Andrew Ure
149
From A Commentary on An Inquiry into the Nature and Causes of the Wealth of Nations
154
From Principles of Political Economy John Stuart Mill
164
From Capital Karl Marx
177
From Science of Wealth
188
From Principles of Economics Alfred Marshall
195
The Laws of Returns under Competitive Conditions
216

From Art in Encyclopedia
80
From A System of Moral Philosophy
82
From An Essay on the History of Civil Society Adam Ferguson
85
From Reflections on the Formation and the Distribution of Riches Anne Robert Jacques Turgot
89
From The Wealth of Nations Adam Smith
93
From The Principles of Political Economy and Taxation
127
Increasing Returns and Economic Progress
234
On the Origin of Money
251
The Use of Knowledge in Society
270
Name Index
285
Subject Index
289
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