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Hicks on time and money
In: Diskussionsbeiträge
In: Reihe A, Volkswirtschaftliche Beiträge 182
World Affairs Online
Keynes and the classics: two lectures on Keynes' contribution to economic theory
In: Occasional paper 30
Economics of the crisis and the crisis of economics
In: The European journal of the history of economic thought, Band 21, Heft 5, S. 760-774
ISSN: 1469-5936
Between Keynes and Sraffa: Pasinetti on the Cambridge School
In: The European journal of the history of economic thought, Band 15, Heft 3, S. 529-538
ISSN: 1469-5936
The Individual, the Market and the Division of Labor in Society
In: Capitalism and society: a journal of The Center on Capitalism and Society, Band 2, Heft 2
ISSN: 1932-0213
Understanding the Great Changes: A Comment
In: Capitalism and society: a journal of The Center on Capitalism and Society, Band 1, Heft 2
ISSN: 1932-0213
Three Items for the Macroeconomic Agenda
In: Kyklos: international review for social sciences, Band 51, Heft 2, S. 197-218
ISSN: 1467-6435
Mr Keynes and the Moderns
In: The European journal of the history of economic thought, Band 5, Heft 1, S. 169-188
ISSN: 1469-5936
Adaptive Behavior, Market Processes and the Computable Approach
In: Revue économique, Band 46, Heft 6, S. 1497-1510
ISSN: 1950-6694
Information costs and the division of Labour
In: International social science journal: ISSJ, Band 41, Heft 120
ISSN: 0020-8701
Information Costs and the Division of Labor
In: International social science journal: ISSJ, Band 41, Heft 2, S. 165
ISSN: 0020-8701
Information Costs and the Division of Labour
In: International social science journal: ISSJ, Band 41, S. 165-176
ISSN: 0020-8701
It is argued that the costs of processing, transmitting, & storing information have taken over the role in economic development -- historically played by transportation costs -- of the main technical force behind increases in the division of labor (DofL). Modern individuals occupy nodes in a much larger network of cooperating individual agents than did the representative man of medieval Europe. Economic development is viewed as the creation of increasingly more complex structures of the DofL, with the average standard of living dependent on the ability to maintain the conditions that make the complex patterns of cooperation feasible. Adam Smith's famous example of pinmaking is used as a paradigmatic case for the DofL. The relation of the DofL to eonomies of scale within the firm is explored, with attention to the effects of computers & robots, & the role of the DofL in the macroeconomy is considered. 2 Illustrations, 15 References. F. S. J. Ledgister