Post Keynesian Price Theory
Published on 4. February 1999
Book
Hardback
292 pages
978-0-521-32870-8 (ISBN)
Description
Frederic 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.
Reviews / Votes
"Frederic Lee has done Post Keynesian economic a great service...Keynesian Price Theory is compulsory reading for all those interested in a non-neoclassical approach to pricing." Review of Radical Political Economics "He has set out to challenge the post Keynesian conventional wisdom that its price theoretic foundations are to be found in either the Kaleckisn or Sraffian approach to prices or in some hybrid of the two." Review of Radical Political EconomicsMore details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 22 mm
Weight
628 gr
ISBN-13
978-0-521-32870-8 (9780521328708)
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Schweitzer Classification
Other editions
Additional editions
Frederic S. Lee
Post Keynesian Price Theory
E-Book
01/2005
1st Edition
Cambridge University Press
€55.99
Available for download
Person
Content
List of figures and tables; Acknowledgements; Introduction; Part I. The Doctrine of Administered Prices: 1. The origin of the doctrine of administered prices: from the modern corporation to industrial prices; 2. Gardiner Means' doctrine of administered prices; 3. Developments in the doctrine of administered prices; Part II. The Doctrine of Normal Cost Prices: 4. The origin of the doctrine of normal cost prices: the Oxford Economists' Research Group and full cost pricing; 5. Philip Andrews' theory of competitive oligopoly; 6. Developments in the doctrine of normal cost prices; Part III. The Doctrine of Mark Up Prices: 7. The origin of the doctrine of mark up prices: Michal Kalecki's microanalysis; 8. Kalecki's microanalysis and the war years; 9. Kalecki and the Cambridge contributions; 10. Josef Steindl and the stagnation thesis; Part IV. The Grounded Pricing Foundation of Post Keynesian Price Theory: 11. Pricing and prices; 12. The pricing model, the grounded pricing foundation, and Post Keynesian price theory; Appendices; Bibliography; Index.