Showing posts with label business practice. Show all posts
Showing posts with label business practice. Show all posts

Sunday, October 6, 2013

Lord Keynes — Lee’s Post Keynesian Price Theory: Chapter 6





Short account of why marginalism is wrong. Business does not operate in terms of marginal price since it is inefficient, contrary to what neoclassical economics, which is defined by marginalism, holds, as well as to Hayek's market approach to information economics.

Social Democracy For The 21St Century: A Post Keynesian Perspective


Lee’s Post Keynesian Price Theory: Chapter 6
Lord Keynes