In this essay, I examine the connection between pricing, profit mark ups, competition, and economic activity from a …-based mark up pricing model; the conclusion reached is that market structure and competition have no fundamental role in … affecting pricing, profit mark ups, or economic activity. However, it is generally perceived in heterodox economics that …

During the marginalist controversy, full costers failed to convince economists of the superiority of full cost pricing … over marginal theory of imperfect competition. The controversy was closed prematurely; various contributions published … rate of profit and the emergence of the market price The present paper shows that the full cost pricing is not so justified …

time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I … posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic … consequences. I find that unrecognized inflation gains and losses help predict future cash flows as these gains and losses turn …

framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …

The central premise of the Black and Scholes [Black, F., Scholes, M. (1973). The pricing of options and corporate … liabilities. Journal of Political Economy 81, 637–659] and Merton [Merton, R. (1973). Theory of rational option pricing. Bell … Journal of Economics and Management Science 4, 141–184] option pricing theory is that there exists a self-financing dynamic …

transportation costs of consumers, which consequently softens competition and allows higher profits. Therefore, the response of firms …

expenditures. To identify optimal advertising and pricing decisions, we discuss three possible games (two non cooperative games …