Theories of Pricing

  • Malcolm C. Sawyer


An important part of the inflationary process is the determination of prices and price change behaviour. It is not, of course, the whole story for consideration has to be given to other important features such as the determination of the money supply, of wages and of the exchange rate. In the previous chapter we sketched the background and now turn to a detailed consideration of price behaviour.


Marginal Cost Price Change Aggregate Demand Input Price Excess Demand 
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Copyright information

© Malcolm C. Sawyer 1983

Authors and Affiliations

  • Malcolm C. Sawyer
    • 1
  1. 1.University of YorkUK

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