Talk:Economic interdependence

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Much of the literature on economic interdependence discusses the interdependence of nations. The interdependence of the participants within a national economy appears to be largely unexplored.

 2600:1003:B44B:5A8:DD42:5D5:231D:5087 (talk) 01:20, 27 October 2015 (UTC) Temple Bayliss.

Importance of Economic Interdependence

Assigning low importance to economic interdependence is a mistake. The subject has not been thoroughly explored, but that does not mean it is unimportant. An immediate consequence of the division of labor, interdependence requires that any economic activity ordinarily affects participants throughout the system. This complexity should not be ignored. If we do ignore economic interdependence we are likely to overlook a family of effects that are central to economics. For example, in an interdependent system the successful introduction of a new product can (but does not always) increase aggregate sales. In a system without interdependence the introduction of a new product just shifts sales away from other products. This topic is explored in Chapter XI of A. A. Cournot's Mathematical Principles of the Theory of Wealth (1838). However, this chapter is not universally accepted. The problem seems to be that Cournot uses a rigid division of labor in which individuals and organizations cannot move from the production of one product to another. The result is a simplification and overstatement of the consequences of interdependence. :Temple Bayliss|talk]]) 13:47, 31 March 2023 (UTC)

Wiki Education assignment: International Political Economy

This article was the subject of a Wiki Education Foundation-supported course assignment, between 2 September 2025 and 12 December 2025. Further details are available on the course page. Student editor(s): Tdragovi (article contribs).

— Assignment last updated by Tdragovi (talk) 03:19, 29 October 2025 (UTC)