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The Megacorp and Oligopoly
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  • Cited by 155
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    This book has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Gladden, Matthew E. 2019. Information Systems Architecture and Technology: Proceedings of 39th International Conference on Information Systems Architecture and Technology – ISAT 2018. Vol. 854, Issue. , p. 245.

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    George, Donald A. R. 2018. Economic Growth with Institutional Saving and Investment. Review of Political Economy, Vol. 30, Issue. 1, p. 28.

    Caiani, Alessandro Russo, Alberto and Gallegati, Mauro 2018. ARE HIGHER WAGES GOOD FOR BUSINESS? AN ASSESSMENT UNDER ALTERNATIVE INNOVATION AND INVESTMENT SCENARIOS. Macroeconomic Dynamics, p. 1.

    Mbeki, Nobantu L. 2018. Collective counterveilence as a deterrent to entry: A reconsideration of the factors limiting competition in post-Apartheid South Africa. International Review of Applied Economics, p. 1.

    Bloch, Harry 2017. Neo-Schumpeterian price theory with Sraffian and post-Keynesian elements. Journal of Evolutionary Economics,

    Schoder, Christian 2017. A Critical Review of the Rationale Approach to the Microfoundation of Post-Keynesian Theory. Review of Political Economy, Vol. 29, Issue. 2, p. 171.

    Reich, Jens 2017. Seigniorage. p. 17.

    Melmiès, Jordan 2017. Industrial Seigniorage: The Other Face of Competition. Review of Radical Political Economics, Vol. 49, Issue. 2, p. 286.

    Aquanno, Scott and Brennan, Jordan 2016. Some Inflationary Aspects of Distributive Conflict:Reassessing Canadian Inflation, Part I. Journal of Economic Issues, Vol. 50, Issue. 1, p. 217.

    Lavoie, Marc 2016. Frederic Lee and Post-Keynesian Pricing Theory. Review of Political Economy, Vol. 28, Issue. 2, p. 169.

    Harcourt, G. C. 2016. Post-Keynesian Essays from Down Under Volume III: Essays on Ethics, Social Justice and Economics. p. 262.

    Jo, Tae-Hee 2016. What If There Are No Conventional Price Mechanisms?. Journal of Economic Issues, Vol. 50, Issue. 2, p. 327.

    Harvey, John T. 2016. An Introduction to Post Keynesian Economics. The American Economist, Vol. 61, Issue. 2, p. 140.

    Lah, Marko Sušjan, Andrej and Redek, Tjaša 2016. Corporate Communication and Economic Theory: An Institutionalist Perspective. Journal of Economic Issues, Vol. 50, Issue. 1, p. 121.

    de Valence, Gerard and Runeson, Goran 2015. Graham Ive and the methodology of construction economics. Construction Management and Economics, Vol. 33, Issue. 2, p. 126.

    2015. Islamic Money and Banking. p. 351.

    Dallery, Thomas Éloire, Fabien and Melmiès, Jordan 2014. Leadership individuel et leadership collectif : une identification des leaders de marché et de leurs performances économiques grâce à l’analyse des réseaux sociaux. Économie et Institutions,

    Hannsgen, Greg 2014. Fiscal Policy, Chartal Money, Mark-up Dynamics and Unemployment Insurance in a Model of Growth and Distribution. Metroeconomica, Vol. 65, Issue. 3, p. 487.

    Ryoo, Soon and Skott, Peter 2013. Public debt and full employment in a stock-flow consistent model of a corporate economy. Journal of Post Keynesian Economics, Vol. 35, Issue. 4, p. 511.


Book description

This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.

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