Stability, Specialization and Social Recognition

R.P. Gilles, E.A. Lazarova, P.H.M. Ruys

Research output: Working paperDiscussion paperOther research output

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Abstract

Yang s theory of economic specialization under increasing returns to scale (Yang 2001) 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, nonmarket organizations.In this paper we introduce a general relational model of economic interaction.Within this non-market environment we discuss the emergence of economic specialization and ultimately of economic trade and a social division of labor.We base our approach on three stages 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 social recognition of subjectively defined economic roles
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages31
Volume2006-17
Publication statusPublished - 2006

Publication series

NameCentER Discussion Paper
Volume2006-17

Fingerprint

Economics
Division of labor
Increasing returns to scale
Extent of the market
Development process
Relational model
Competitive market
Interaction
Organizational development

Keywords

  • networks
  • stability
  • social division of labor
  • specialization

Cite this

Gilles, R. P., Lazarova, E. A., & Ruys, P. H. M. (2006). Stability, Specialization and Social Recognition. (CentER Discussion Paper; Vol. 2006-17). Tilburg: Microeconomics.
Gilles, R.P. ; Lazarova, E.A. ; Ruys, P.H.M. / Stability, Specialization and Social Recognition. Tilburg : Microeconomics, 2006. (CentER Discussion Paper).
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Gilles, RP, Lazarova, EA & Ruys, PHM 2006 'Stability, Specialization and Social Recognition' CentER Discussion Paper, vol. 2006-17, Microeconomics, Tilburg.

Stability, Specialization and Social Recognition. / Gilles, R.P.; Lazarova, E.A.; Ruys, P.H.M.

Tilburg : Microeconomics, 2006. (CentER Discussion Paper; Vol. 2006-17).

Research output: Working paperDiscussion paperOther research output

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N2 - Yang s theory of economic specialization under increasing returns to scale (Yang 2001) 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, nonmarket organizations.In this paper we introduce a general relational model of economic interaction.Within this non-market environment we discuss the emergence of economic specialization and ultimately of economic trade and a social division of labor.We base our approach on three stages 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 social recognition of subjectively defined economic roles

AB - Yang s theory of economic specialization under increasing returns to scale (Yang 2001) 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, nonmarket organizations.In this paper we introduce a general relational model of economic interaction.Within this non-market environment we discuss the emergence of economic specialization and ultimately of economic trade and a social division of labor.We base our approach on three stages 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 social recognition of subjectively defined economic roles

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Gilles RP, Lazarova EA, Ruys PHM. Stability, Specialization and Social Recognition. Tilburg: Microeconomics. 2006. (CentER Discussion Paper).