Economic Wealth Creation and the Social Division of Labour (Volume I: Institutions and Trust)

This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. This volume investigates the formation of networks and hierarchical authority organisations, with a focus on the role of trust. Gilles also looks at the theory of growth and development, using real world examples and problem sets to put into practice. This title is suitable reading for undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political economy. Robert P. Gilles is Professor of Economics at Queen's University Belfast, UK. He has previously taught in the USA and the Netherlands. His research focuses on the economic theory of the social division of labour.-- Provided by publisher "This textbook introduces and develops new tools to understand the recent economic crisis and how desirable economic policies can be adopted. Gilles provides new institutional concepts for wealth creation, such as network economies, which are based on the social division of labour. The first volume investigates the formation of networks and hierarchical authority organisations, with a focus on the role of trust. Gilles also looks at the theory of growth and development, using real world examples and problem sets to put into practice. The second volume introduces mathematical theories of the endogenous formation of social divisions of labour through which economic wealth is created. Gilles also investigates the causes of inequality in the social division of labour under imperfectly competitive conditions. These theories frame a comprehensive, innovative and consistent perspective on the functioning of the twenty-first century global economy, explaining many of its failings"--Site web de l'éditeur (v.1) Front Matter ....Pages i-xv The Principles of Economic Wealth Creation (Robert P. Gilles)....Pages 1-82 Of Bubbles and Crises: A History of Wealth Creation (Robert P. Gilles)....Pages 83-142 A Framework for Modelling Wealth Creation (Robert P. Gilles)....Pages 143-216 Economic Relationships and Trust (Robert P. Gilles)....Pages 217-264 The Entrepreneurial Function (Robert P. Gilles)....Pages 265-310 Back Matter ....Pages 311-315