The Return To Increasing Returns

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The Return to Increasing Returns

Author: James M. Buchanan
language: en
Publisher: University of Michigan Press
Release Date: 1994
Makes available important articles on increasing returns as related to the size of the economy
Increasing Returns and Path Dependence in the Economy

Author: W. Brian Arthur
language: en
Publisher: University of Michigan Press
Release Date: 1994
Pioneering work on an important new approach to economics.
Increasing Returns and Economic Analysis

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.