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Whatever Happened to the Cambridge Capital Theory Controversies? (2003)

Geoffrey Harcourt

Chapter 5 in The Making of a Post-Keynesian Economist: Cambridge Harvest, 2012, pp 112-130 from Palgrave Macmillan

Abstract: Abstract Her article precipitated into the public domain the Cambridge controversies in capital theory, so-called by Harcourt (1969) because the protagonists were principally associated directly or indirectly with Cambridge, England, or Cambridge, Massachusetts. The controversies raged from the mid-1950s through the mid-1970s, with highly prominent protagonists – Piero Sraffa, Joan Robinson, Luigi Pasinetti and Pierangelo Garegnani in the ‘English’ corner, versus Paul Samuelson, Robert Solow, Frank Hahn and Christopher Bliss in the ‘American’ or neoclassical corner1 – slugging it out in first-rank journals such as the Quarterly Journal of Economics, the Review of Economic Studies and the Economic Journal. Blaug (1975) and Harcourt (1972, 1976) cover both sides of the controversy.

Keywords: Interest Rate; Production Function; Quarterly Journal; General Equilibrium; Economic Journal (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34865-3_6

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DOI: 10.1057/9780230348653_6

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