1st Edition
Post-Keynesian Theories of the Firm Kalecki and Radical Uncertainty
By Nobantu L. Mbeki
Copyright 2023
426 Pages
7 B/W Illustrations
by
Routledge
426 Pages
7 B/W Illustrations
by
Routledge
426 Pages
7 B/W Illustrations
by
Routledge
Also available as eBook on:
Within Post-Keynesian economics there is a spectrum of approaches to theories of the firm but what they have in common, to their great benefit, is a proper integration of the concept of radical uncertainty: data that cannot be known. This book revisits Kalecki’s theory of the firm is located to show that it constitutes fertile theoretical ground on which to systematically understand the resultant... Read more
Part I: Uncertainty
1. Beyond the risk-uncertainty dichotomy
2. A reconsideration of Davidson’s taxonomy of uncertainty
3. Reclassifying theories of risk and uncertainty
Part II: Pricing Theory
4. Post Keynesian pricing theory
5. Interdependence, dynamics and post Keynesian pricing
6. Radical uncertainty and the limits of mark-up pricing
7. Existing elements towards a theory of the firm
Part III: Extending the Theory of the Firm
8. Mark-up pricing and radical uncertainty
9. From the outside in or inside out? Between firm and industry
10. The nature of competition
11. Pricing and accumulation
Part IV: Further Themes in Microeconomic Theory
12. A proposed methodology for working with indeterminacy
13. Resituating the Kaleckian firm within the evolving post Keynesian theory of the firm
14. Old and new tensions and new directions
Biography
Nobantu Mbeki, Lecturer in Economics, School of Economics and Finance, University of the Witwatersrand, South Africa
"[This book] can be seen as a dedicated pursuit of new microfoundations for post-Keynesian macroeconomics..[it will] resonate with readers keen on the history of post-Keynesianism, given its deep engagement with the works of Michal Kalecki, and incidentally those of Josef Steindl, Joan Robinson, George Shackle, and many others."
Michael Assous, The European Journal of the History of Economic Thought
