On socio-economic toles and specialisation

Gilles, Robert P., Lazarova, Emiliya ORCID: https://orcid.org/0000-0002-7178-0644 and Ruys, Pieter H. M. (2006) On socio-economic toles and specialisation. Economic Papers, 25 (2). pp. 157-170. ISSN 0812-0439

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Abstract

Xiaokai Yang's theory of economic specialisation 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 labour. In this theory specialisation—and thus the social division of labour—is firmly embedded in 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 organisations. In this paper we discuss a general relational model of economic interaction. Within this non-market environment we discuss the emergence of economic specialisation and eventually of economic trade and a social division of labour. We base our approach on three levels in organisational development: the presence of a stable relational structure; the presence of relational trust and subjective specialisation; and, finally, the emergence of objective specialisation through the institution and social recognition of economic roles.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Groups > Applied Econometrics And Finance
Depositing User:	Pure Connector
Date Deposited:	06 Mar 2014 12:26
Last Modified:	04 Mar 2024 16:52
URI:	https://ueaeprints.uea.ac.uk/id/eprint/47964
DOI:	10.1111/j.1759-3441.2006.tb00392.x

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