Post Keynesian price theory / / Frederic S. Lee [[electronic resource]]

• Record Nr.: UNINA9910780078903321
• Autore: Lee Frederic S. <1949-2014, >
• Pubbl/distr/stampa: Cambridge : , : Cambridge University Press, , 1998
• ISBN: 1-107-11147-1; 0-511-00923-2; 1-280-15165-X; 0-511-11592-X; 0-511-15214-0; 0-511-32492-8; 0-511-49247-2; 0-511-05234-0
• Descrizione fisica: 1 online resource (viii, 281 pages) : digital, PDF file(s)
• Collana: Modern Cambridge economics
• Disciplina: 338.5/28
• Soggetti: Prices; Keynesian economics
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Title from publisher's bibliographic system (viewed on 05 Oct 2015).
• Nota di bibliografia: Includes bibliographical references (p. 241-274) and indexes.
• Nota di contenuto: The origin of the doctrine of normal cost prices : the Oxford Economists' Research Group and full cost pricing -- Philip Andrews' theory of competitive oligopoly -- Developments in the doctrine of normal cost prices -- The origin of the doctrine of mark up prices: Michal Kalecki's microanalysis -- Kalecki's microanalysis and the war years -- Kalecki and the Cambridge contributions -- Josef Steindl and the stagnation thesis -- Pricing and prices -- The pricing model, the grounded pricing foundation, and Post Keynesian price theory.
• Sommario/riassunto: 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.