search query: @indexterm Keynesian school / total: 157
reference: 43 / 157
| Author: | Lavoie, M. |
| Title: | Mark-up pricing versus normal cost pricing in post-Keynesian models |
| Journal: | Review of Political Economy
1996 : JAN, VOL. 8:1, p. 57-66 |
| Index terms: | KEYNESIAN SCHOOL MODELS PRICING |
| Language: | eng |
| Abstract: | The intent of the present paper is to show that some of Frederic Lee's recent criticisms against some of the hypotheses imbedded in some post-keynesian models are exaggerated. In contrast to what is argued by Lee, there is no flagrant contradiciton between the work of Andrews and his followers and that of most modern-day Kaleckian and post-Keynesian authors. some of the simplifications used by the latter, such as constant direct unit costs or simple mark-uppricing, were, in fact, suggested by well-known Andrewsian authors, Lee himself included. |
SCIMA