The Circular and Cumulative Structure of Administered Pricing
Journal of Economics Issues. Vol. 40, No. 2, pp. 517-526, 2006
13 Pages Posted: 24 Oct 2008 Last revised: 28 Jul 2013
Date Written: 2006
The purpose of this paper is to report on the administered pricing subsector of a Post Keynesian-institutionalist-system dynamics (PKI-SD) "core" model that is currently under development by the authors. When complete, the model will be used to examine the dynamics of heterodox economic theory as well as to test the implications of heterodox policy alternatives.
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