The Theory of Pricing and Distribution

Mario Sebastiani
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Mario Sebastiani: University of Rome ‘Tor Vergata’

Chapter 2 in Kalecki and Unemployment Equilibrium, 1994, pp 37-60 from Palgrave Macmillan

Abstract: Abstract From his earliest writings in the 1930s until 1954 Kalecki’s analysis of prices reflected the trouble which marked the discussion of this subject at the time. Sraffa’s criticism (1925, 1926) of the marginalist theory of prices started a period of transition rich in ferment but lacking in really innovative proposals.1 For at least twenty years no alternative schemes embodying sufficiently-defined theoretical settings were presented: Hall and Hitch’s contributions in Great Britain and Sweezy’s in the United States date from 1939,2 but modern versions of the theory of prices in oligopoly were not to come until many years later.3

Keywords: Business Cycle; Demand Function; Equilibrium Price; Demand Curve; Profit Margin (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37372-3_3

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DOI: 10.1057/9780230373723_3

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