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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 indeterminacy when firms operate under conditions of radical uncertainty.
List of contents
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
About the author
Nobantu Mbeki, Lecturer in Economics, School of Economics and Finance, University of the Witwatersrand, South Africa
Summary
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 indeterminacy when firms operate under conditions of radical uncertainty.
