ABSTRACT
There is usually no dispute about the megacorp's actual contractual expenses - wages, the cost of raw materials, fixed-interest payments and the like. With marginal cost equal to average variable cost, at least in the short run, this prescription fails to explain how the megacorp's overhead costs, not to mention its investment expenditures, are to be financed. Actually, however, the pricing model developed in this treatise as a microeconomic foundation for post-Keynesian theory does suggest a way in which the megacorp's pricing power can be brought under effective social control. The policy implications of the preceding analysis can thus be summarized as follows: with some means found either for limiting or siphoning off the growth of dividends, it is possible to establish effective social control over the megacorp to a large extent simply by establishing effective social control over investment.
