Post Keynesian price theory

by Lee, Frederic S

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.