Explore the frontiers of economic development and the division of labor with this seminal work. Yang presents inframarginal analysis as a powerful alternative to neoclassical economics, revitalizing classical economic thought. This approach offers crucial insights into institutions, transaction costs, and the dynamics of trade and macroeconomics, essential for understanding developing economies. For economics students, researchers, and professionals in India, this book provides advanced analytical tools to grasp complex economic growth drivers and foster national development.