Chapter 17: Price stability
Restricted access

Based on the grounded theory methodology covered in Chapter 2, this chapter proposes a comprehensive and coherent theoretical system to provide an analytical framework for price stability. In order to establish an empirically grounded pricing procedure, it analyzes a body of empirical studies which investigate the advances in accounting and managerial techniques, thereby examining the causal mechanisms for price setting. By doing so, it sheds light on the mechanisms through which price stability is secured. In particular, it refines and extends a heterodox theory of price stability by differentiating between intrinsic and extrinsic stability, identifying their roles and implications for stable prices, and incorporating labor hoarding and labor discipline effects to the theorization of the extrinsic price stability.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with your Elgar account