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Frederic Lee and Post-Keynesian Pricing Theory

Review of Political Economy, 2016
Frederic Lee has been a major contributor to post-Keynesian economics, mainly to its theory of pricing. This article summarizes his objections to the neoclassical view of the firm and pricing, as well as his view that changes in quantities, rather than in prices, provide the important information to firms.
Marc Lavoie
exaly   +4 more sources

Post Keynesian Price Theory

History of Political Economy, 2000
This paper examines and develops the firm-centered price theory of Post Keynesian economics. It takes issue with the traditional interpretation of that theory, arguing that although its prices are cost-based, they are not cost-determined. The distinctiveness and significance of the theory are located elsewhere, in the strategic determination of prices ...
openaire   +2 more sources

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