Theoretical Controversy and Social Significance: An Evaluation of the Cambridge Controversies

Geoffrey Harcourt

Chapter 2 in Selected Essays on Economic Policy, 2001, pp 23-47 from Palgrave Macmillan

Abstract: Abstract I am delighted and most honoured to be asked to give the 1975 Edward Shann Memorial Lecture, and so to be included in the first XVIII, if not the first XI. I am sure it would try your patience if I were to play a full 100 minutes. In order to justify my selection, though, I shall try to put in four effective quarters, replete with creative hand ball, strong body work, and constructive play mainly from left of centre. The accounts that I have read of Professor Shann reveal a delightful character, down to earth and intimately involved in all manner of things, from the care of his students to the important political and economic issues of his day. He certainly is a man after my own heart and I like to think that we would have got on, even if we were to differ vigorously but fairly, in a tight checking game, over the virtues of the market. I hope he would have approved of, at least in principle, my public stand on the Vietnam War; I am sure he would have approved of, my recent involvement in the public debates on anti-inflationary policy and the theoretical but related issues of the appropriate body of economic theory with which to analyse the development through time of capitalist economies.

Keywords: American Economic Review; Policy Recommendation; Neoclassical Theory; Capitalist World; Transformation Problem (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51056-2_2

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DOI: 10.1057/9780230510562_2

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