General X-Efficiency Theory and Economic Development (Economic Development Series)

Contents......Page 10
1 Neoclassical Theory and Development Economics......Page 14
Relations Between Various Chapters......Page 24
2 General X-Efficiency Theory......Page 28
General Structure of the Theory......Page 29
Selective Rationality......Page 32
Principal-Agent Relations and Effort Choice......Page 37
The Theory of Inert Areas and Effort Entropy......Page 44
On Effort Equilibria......Page 46
Effort Decisions and X-Efficiency......Page 48
Entrepreneurship: Its Role in Economic Theory......Page 50
The Demand for Entrepreneurship—Opportunities for Entrepreneurial Development......Page 52
The Demand for Entrepreneurship—X-Efficiency and the Supply of Entrepreneurial Capacity......Page 54
What Does the Entrepreneur Get?......Page 58
The Demand for Entrepreneurship—The Interaction of Opportunities and Capacities......Page 59
The Supply of Entrepreneurship......Page 61
Consequences and Applications......Page 62
Policy Implications and Conclusions......Page 63
Background and Review of Existing Literature......Page 67
The Basic Productivity-Effort Model......Page 71
The Peak Labor Demand Argument......Page 76
The Utility of Work as a Consideration......Page 79
The Case of Employed Labor......Page 83
Considerations and Conclusions......Page 86
Migration and Economic Motivation......Page 88
The Employment Absorption Problem......Page 95
A Simple Urban Labor Market Model......Page 96
Alternative Wage-Offer Functions......Page 100
Effort and Choice of Technique......Page 105
Actual versus Potential Growth Rates......Page 109
Savings, Investment Absorption, and X-Inefficiency......Page 115
Investment Absorption Problems......Page 117
Locked-In Techniques, Locked-Out Techniques, and X-Efficiency of Labor......Page 124
Population Growth and Fertility......Page 134
Development, Status Shifts, and Income Compression Effects......Page 138
Status Goods, Commitment Goods, and Other IMU Goods......Page 141
Commitment Claim Growth......Page 145
Interstatus Utility Differentials and the Cost of Children......Page 148
On the Utility of Children......Page 153
Combining Utility and Utility Cost Relations......Page 159
Introduction......Page 167
Ideology and X-Efficiency......Page 171
Effort, Responsibility, and Cost Consequences......Page 174
Comments on X-Efficiency in State Enterprises......Page 182
General X-Efficiency Analysis and Organization—The Wider Picture......Page 189
C......Page 192
E......Page 193
F......Page 194
I......Page 195
M......Page 196
O......Page 197
S......Page 198
W......Page 199
X......Page 200