IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v62y1986i3p385-408.html

La théorie du « markup » comme explication de l’inflation : une critique kaleckienne de certains post-keynésiens

Author

Listed:
  • Jean-Guy Loranger

    (Département de sciences économiques, Université de Montréal)

  • Joseph Halévi

    (Université de Sydney)

Abstract

This paper is divided into three sections: a critique of certain post-keynesians U.S. economists is contained in the first section concerning their hypothesis of a fixed "markup" coefficient in the price-wages relation. Contrary to Kalecki who spontaneously admitted a flexible "markup" in a fixed price-flexible wage relation, it is demonstrated that the U.S. post-keynesians stand is isomorph to the monetarist approach. Cet article se divise en trois sections : la première contient une critique de certains post-keynésiens, notamment américains, concernant leur hypothèse de la rigidité du markup dans la relation prix-salaires. Contrairement à Kalecki qui admettait volontiers la flexibilité du markup face à la rigidité des prix et à la flexibilité des salaires, on démontre que la position de cette école de pensée est isomorphe à l’approche monétariste.

Suggested Citation

  • Jean-Guy Loranger & Joseph Halévi, 1986. "La théorie du « markup » comme explication de l’inflation : une critique kaleckienne de certains post-keynésiens," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(3), pages 385-408.
    • Handle: RePEc:ris:actuec:v:62:y:1986:i:3:p:385-408
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/601379ar
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Basil J. Moore, 1979. "The Endogenous Money Stock," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 2(1), pages 49-70, October.
    2. A. Asimakopulos, 1975. "A Kaleckian Theory of Income Distribution," Canadian Journal of Economics, Canadian Economics Association, vol. 8(3), pages 313-333, August.
    3. R. L. Hall & C. J. Hitch, 1939. "Price Theory And Business Behaviour," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 12-45.
    4. Morishima, Michio, 1978. "S. Bowles and H. Gintis on the Marxian Theory of Value and Heterogeneous Labour," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 2(3), pages 305-309, September.
    5. Bowles, Samuel & Gintis, Herbert, 1981. "Labour Heterogeneity and the Labour Theory of Value: A Reply [The Marxian Theory of Value and Heterogeneous Labour: A Critique and Reformulation]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 5(3), pages 285-288, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Steve Keen, 2013. "Predicting the ‘Global Financial Crisis’: Post-Keynesian Macroeconomics," The Economic Record, The Economic Society of Australia, vol. 89(285), pages 228-254, June.
    2. David Amirault & Paul Fenton & Thérèse Laflèche, 2013. "Asking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian Companies," Discussion Papers 13-1, Bank of Canada.
    3. Olivier Allain, 2006. "La modération salariale : le point de vue des (néo-)kaleckiens," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00196500, HAL.
    4. Biagio Bossone, 2021. "Bank Seigniorage in a Monetary Production Economy," Working Papers PKWP2111, Post Keynesian Economics Society (PKES).
    5. Machava, Agostinho, 2017. "The Macroeconomic Determinants of the Pass-Through from the Market Interest Rate to the Bank Lending Rate in Mozambique," Umeå Economic Studies 954, Umeå University, Department of Economics.
    6. Roberto Veneziani & Luca Zamparelli & Naoki Yoshihara, 2017. "A Progress Report On Marxian Economic Theory: On The Controversies In Exploitation Theory Since Okishio (1963)," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1421-1448, December.
    7. Mario Seccareccia, 1991. "Salaire minimum, emploi et productivité dans une perspective post-keynésienne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(2), pages 166-191.
    8. Sidney G. Winter, 2017. "Pursuing the evolutionary agenda in economics and management research," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 721-747.
    9. Nitzan, Jonathan & Bichler, Shimshon, 2019. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)," Working Papers on Capital as Power 2019/01, Capital As Power - Toward a New Cosmology of Capitalism.
    10. Canale, Rosaria Rita, 2003. "Microfoundations of macroeconomics. Post-Keynesian contributions on the theory of the firm," MPRA Paper 2713, University Library of Munich, Germany, revised 2005.
    11. Beckert, Jens, 2011. "Where do prices come from? Sociological approaches to price formation," MPIfG Discussion Paper 11/3, Max Planck Institute for the Study of Societies.
    12. Currarini, Sergio & Marini, Marco, 2011. "Kinked norms of behaviour and cooperation," Economics Letters, Elsevier, vol. 110(3), pages 223-225, March.
    13. M. Lopreite, 2012. "The endogenous money hypothesis and securitization: the Euro area case (1999-2010)," Economics Department Working Papers 2012-EP02, Department of Economics, Parma University (Italy).
    14. Mark Setterfield, 2003. "Supply and Demand in the Theory of Long-run Growth: Introduction to a symposium on demand-led growth," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 23-32.
    15. J. E. King, 2000. "Introduction to an Unpublished Note by Nicholas Kaldor & Joan Robinson," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 261-265.
    16. Mariolis, Theodore, 2006. "A Critical Note on Marx’s Theory of Profits," MPRA Paper 24044, University Library of Munich, Germany.
    17. Alan G. Futerman, 2021. "Passive money system and control of exchange rates: The case of Argentina 1976–1981," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5512-5530, October.
    18. Paul Downward & Frederick Lee, "undated". "Post Keynesian Pricing Theory `Reconfirmed'(?) A Critical Review of `Asking About Prices'," Working Papers 98-13, Staffordshire University, Business School.
    19. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2014. "The Curse of Inflation," Discussion Papers 1430, Centre for Macroeconomics (CFM).
    20. Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2015. "Preferences for fair prices, cursed inferences, and the nonneutrality of money," LSE Research Online Documents on Economics 60845, London School of Economics and Political Science, LSE Library.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:62:y:1986:i:3:p:385-408. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Dostie The email address of this maintainer does not seem to be valid anymore. Please ask Benoit Dostie to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/scseeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.