On Keynes and Chick on Prices in Modern Capitalism (2002)

Geoffrey Harcourt

Chapter 4 in On Skidelsky’s Keynes and Other Essays, 2012, pp 113-122 from Palgrave Macmillan

Abstract: Abstract David Champernowne once told me that to introduce prices into a macroeconomic model requires that you choose the simplest possible model of pricing which still retained a link with reality, with real world practice.1

Keywords: Capital Good; Aggregate Demand; User Cost; Imperfect Competition; Business People (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34864-6_5

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DOI: 10.1057/9780230348646_5

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