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| Pricing
Theory in Post Keynesian Economics : A Realist Approach |
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| Author:
Dr Paul Downward |
Published
by: Edward Elger |
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Click to Enlarge
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This book explores
the defining features of post Keynesian economics
through an examination of pricing, and empirically
investigates pricing behaviour from the post Keynesian
point of view.
The book uses a synthesis of ideas from realist
philosophy and methodology to explore post Keynesian
pricing theory. It identifies a coherent core
of post Keynesian pricing theory, strongly supported
by a wide range of evidence. The author critically
reviews and extends both the econometric and the
non-econometric evidence as a basis of understanding
the causal processes of pricing. Taking into account
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Keynes's notions of the 'weight of evidence'
and 'negative analogy', the post Keynesian account
of pricing offered in the book appears compelling.
The evidence presented by the author will raise
substantial questions about neoclassical accounts
of pricing.
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| April 8, 2003. |
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