Post Keynesian Price Theory
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Post Keynesian Price Theory by Frederic S. Lee
Book DescriptionFrederic Lee sets out the foundations of a post-Keynesian price theory through 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 foundations. This involves discussing the work of Gardiner Means, Philip Andrews, and Michal Kalecki as well as the developers of the doctrines, such as Edwin Nourse, Paolo Sylos Labini, Harry Edwards, Josef Steindl and Alfred Eisner. Drawing upon the arguments and formal modelling offered by the doctrines, in conjunction with empirical evidence from one hundred studies on pricing and production, Dr Lee develops an empirically grounded pricing model and production schema. He argues that the model and the schema together constitute the foundations for post-Keynesian price theory.
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Book DetailsISBN: 9780521030212
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 2-Nov-2006
Country of Publication: United Kingdom
Books By Author Frederic S. Lee
In Defense of Post-Keynesian and Heterodox Economics, Paperback (May 2014)
This text makes it clear that post Keynesian/heterodox economics is, in spite of internal problems, a viable and important approach to economics and that it should resist the attempts of the critics to bury it.
Markets, Competition, and the Economy as a Social System, Paperback (August 2013)
This book is an examination of markets, competition, and market governance from a critical, heterodox perspective. .
Social Provisioning, Embeddedness, and Modeling the Economy, Hardback (December 2011)» View all books by Frederic S. Lee
This book consists of nine essays that model the economy considerably differently to mainstream economics.
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