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Date of Birth
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23-March-1937
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Place of Birth
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Washington, D.C.
(United States of America, United States, with Territories, Contiguous United States, Area code 202)
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Nationality
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United States of America
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Also know as
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Alfred S. Eichner, Alfred Solomon Eichner
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Profession
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Economist
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Alfred S. Eichner was an American post-Keynesian economist who challenged the neoclassical price mechanism and asserted that prices are not set through supply and demand but rather through mark-up pricing.
Eichner, is considered a prominent member of the post-Keynesian school of economics and was a professor at Rutgers University at the time of his death. Eichner's writings and advocacy of thought, differed with the theories of John Maynard Keynes, who was an advocate of government intervention in the free market and proponent of public spending to increase employment. Eichner argued that investment was the key to economic expansion. He was considered an advocate of the concept that government incomes policy should prevent inflationary wage and price settlements in connection to the customary fiscal and monetary means of regulating the economy.
He is noted for his book Toward a new economics: essays in post-Keynesian and institutionalist theoryHis Macrodynamics of Advanced Market Economies contains chapters on dynamics and growth, investment, finance and income distribution.
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