Positionalists
Positionalists are a group of economists who focus on the role of relative prices and income distribution in macroeconomic outcomes. They argue that understanding how prices change and how these changes affect the distribution of income is crucial for analyzing economic phenomena. This perspective contrasts with some mainstream macroeconomic approaches that may place more emphasis on aggregate variables like overall output or inflation.
Key to the positionalist viewpoint is the concept of "positional goods," a term popularized by economist Fred
Positionalists often analyze how changes in relative prices, especially those affecting essential goods like housing or