Post Keynesian Price Theory

Post Keynesian Price Theory

by Frederic S. Lee
     
 

This book sets out the foundations of Post Keynesian price theory, by developing an empirically grounded production schema. The administered, normal cost and mark up price doctrines are explained in parts I-III of the book, as many of their theoretical arguments are important for developing the subsequent foundations. The work of Gardiner Means, Philip Andrews, and… See more details below

Overview

This book sets out the foundations of Post Keynesian price theory, by developing an empirically grounded production schema. The administered, normal cost and mark up price doctrines are explained in parts I-III of the book, as many of their theoretical arguments are important for developing the subsequent foundations. The work of Gardiner Means, Philip Andrews, and Michal Kalecki is discussed, as well as that of the developers of the doctrines such as Edwin Nourse, Paolo Sylos Labini, Harry Edwards, Josef Steindl, and Alfred Eichner.

Product Details

ISBN-13:
9780521030212
Publisher:
Cambridge University Press
Publication date:
08/28/2006
Series:
Modern Cambridge Economics Series
Edition description:
Reissue
Pages:
292
Product dimensions:
5.98(w) x 8.98(h) x 0.67(d)

Table of Contents

List of figures and tables
Acknowledgments
Introduction1
Pt. IThe doctrine of administered prices
1The origin of the doctrine of administered prices: from the modern corporation to industrial prices19
2Gardiner Means' doctrine of administered prices44
3Developments in the doctrine of administered prices67
Pt. IIThe doctrine of normal cost prices
4The origin of the doctrine of normal cost prices: the Oxford Economists' Research Group and full cost pricing83
5Philip Andrews' theory of competitive oligopoly100
6Developments in the doctrine of normal cost prices117
Pt. IIIThe doctrine of mark up prices
7The origin of the doctrine of mark up prices: Michal Kalecki's microanalysis143
8Kalecki's microanalysis and the war years153
9Kalecki and the Cambridge contributions165
10Josef Steindl and the stagnation thesis186
Pt. IVThe grounded pricing foundation of Post Keynesian price theory
11Pricing and prices201
12The pricing model, the grounded pricing foundation, and Post Keynesian price theory219
App. AStudies on cost accounting and costing practices232
App. BStudies on pricing235
Bibliography241
Index275

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