Key Features:An excellent introduction to the emerging field of inframarginal economicsA novel collection of key contributions in the field of inframarginal development economicsProvides an evolutionary perspective of the study of economic development.

The core of classical economic analysis represented by William Petty and Adam Smith concentrated on the field of development economics. This classical footing of the study of development is different from the neoclassical perspective in two important respects: (a) it focuses on division of labor...

With the virtual disappearance of tariffs, domestic export time delays have emerged as a major obstacle to trade. This explains recent WTO initiatives to combat such delays that have resulted in important reductions in forty percent of developing countries. We propose a novel mechanism by which...