Post Keynesian Price Theory 1st Edition by Frederic Lee ISBN 0521030218 9780521030212

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Product details:
ISBN 10: 0521030218
ISBN 13: 9780521030212
Author: Frederic Lee

Post Keynesian Price Theory 1st Edition Table of contents:

Part I: The Foundations of Post-Keynesian Price Theory

1. Introduction to Post-Keynesian Economics

   • Overview of Keynesian vs. Post-Keynesian Economics
   • Basic Assumptions and Methodology of Post-Keynesian Price Theory
   • Historical Development and Key Contributors

2. Price Theory in Classical and Neoclassical Economics

   • The Classical View on Prices and Markets
   • The Neoclassical Revolution and Its Critiques
   • The Role of Prices in the Classical and Neoclassical Models

3. Post-Keynesian Contributions to Price Theory

   • The Role of Uncertainty and Expectations
   • The Influence of Effective Demand on Pricing
   • The Non-Walrasian Approach to Equilibrium

Part II: The Dynamics of Pricing in Post-Keynesian Theory

4. Price Determination in Post-Keynesian Models

   • Theories of Cost-Plus Pricing
   • The Influence of Mark-Up Pricing on Market Outcomes
   • Price Formation Under Imperfect Competition

5. Monopoly and Oligopoly Pricing

   • Market Structures and Their Impact on Pricing Behavior
   • The Role of Market Power in Price Setting
   • Strategic Pricing in Oligopolistic Markets

6. Price Adjustment Mechanisms

   • The Adjustment Process Under Uncertainty
   • Price Stickiness and Menu Costs
   • Short-Term vs. Long-Term Price Adjustments

Part III: The Role of Distribution and Cost in Price Setting

7. Distribution and Its Impact on Pricing

   • Income Distribution and Its Role in Price Formation
   • The Effect of Wages, Profits, and Rent on Prices
   • The Role of Class and Power Relations in Price Setting

8. Costs, Profits, and Pricing

   • The Post-Keynesian View of Costs and Their Determinants
   • The Profit Squeeze and Its Impact on Prices
   • Dynamic Cost Structures in Modern Economies

Part IV: Applications of Post-Keynesian Price Theory

9. Inflation and Price Stickiness

   • Theories of Inflation in Post-Keynesian Economics
   • Causes of Inflation: Demand vs. Cost-Push Factors
   • The Role of Price Expectations in Inflation Dynamics

10. Pricing in the Labor Market

    • Wage-Price Dynamics and the Labor Market
    • The Role of Labor Unions and Bargaining Power in Wage Setting
    • The Interaction Between Wages and Product Prices

11. Post-Keynesian Price Theory and Economic Policy

    • Implications for Government Intervention in Pricing
    • The Role of Fiscal and Monetary Policy in Influencing Prices
    • Price Controls and Their Effectiveness

Part V: Critiques and Alternatives

12. Critiques of Post-Keynesian Price Theory

    • Neo-Classic and Austrian Criticisms
    • The Debate Between Marxist and Post-Keynesian Approaches
    • The Future of Post-Keynesian Price Theory in Modern Economics

13. The Development of a Unified Post-Keynesian Theory of Prices

    • Potential Integrations with Other Economic Theories
    • The Evolution of Post-Keynesian Approaches to Pricing
    • Future Directions for Research in Post-Keynesian Economics

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