TY - BOOK
T1 - On Socio-Economic Roles and Specialisation
AU - Gilles, R.P.
AU - Lazarova, E.A.
AU - Ruys, P.H.M.
PY - 2006
Y1 - 2006
N2 - Abstract: Xiaokai Yang's theory of economic specialization under increasing returns to scale is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor. In this theory specialization and, thus, the social division of labor is firmly embedded within a system of perfectly competitive markets. This leaves unresolved whether and how such development processes are possible in economies based on more primitive, non-market organizations. In this paper we discuss a general relational model of economic interaction. Within this non-market environment we discuss the emergence of economic specialization and eventually of economic trade and a social division of labor. We base our approach on three levels in organizational development: the presence of a stable relational structure; the presence of relational trust and subjective specialization; and, finally, the emergence of objective specialization through the institution and the social recognition of economic roles. Keywords: economic development, social division of labor, non-market economies JEL Codes: D02, O12
AB - Abstract: Xiaokai Yang's theory of economic specialization under increasing returns to scale is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor. In this theory specialization and, thus, the social division of labor is firmly embedded within a system of perfectly competitive markets. This leaves unresolved whether and how such development processes are possible in economies based on more primitive, non-market organizations. In this paper we discuss a general relational model of economic interaction. Within this non-market environment we discuss the emergence of economic specialization and eventually of economic trade and a social division of labor. We base our approach on three levels in organizational development: the presence of a stable relational structure; the presence of relational trust and subjective specialization; and, finally, the emergence of objective specialization through the institution and the social recognition of economic roles. Keywords: economic development, social division of labor, non-market economies JEL Codes: D02, O12
M3 - Report
T3 - Tinbergen Institute Discussion Paper
BT - On Socio-Economic Roles and Specialisation
PB - Tinbergen Institute
CY - Amsterdam
ER -