An interpretation of the Kalecki price equation

Vol. 11 No. 2 (1991)

Apr-Jun / 1991
Published April 1, 1991
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Ferreira, Afonso Henriques Borges. 1991. “An Interpretation of the Kalecki Price Equation”. Brazilian Journal of Political Economy 11 (2):174-82. https://doi.org/10.1590/0101-31571991-0729.
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An interpretation of the Kalecki price equation

Afonso Henriques Borges Ferreira
Departamento de Ciências Econômicas da Universidade Federal do Maranhão – UFMA – São Luiz/ MA, Brasil.
Brazilian Journal of Political Economy, Vol. 11 No. 2 (1991), Apr-Jun / 1991, Pages 174-182

Abstract

The purpose of this note is to discuss the linear version of Kalecki’s price equation. First, the pertinence of the restrictions imposed by Kalecki to the value of the parameters of the equation is examined. Then, the economic meaning of these parameters is made explicit. Fi-nally, in the light of the previous discussion, a reinterpretation of the Kaleckian price equation is suggested.

JEL Classification: D40; D47


Keywords: Price composition mark-up