Critiques and Alternatives: Reflections on Some Recent (and Not So Recent) Controversies

Geoffrey Harcourt

Chapter 20 in 50 Years a Keynesian and Other Essays, 2001, pp 289-299 from Palgrave Macmillan

Abstract: Abstract In 1980 (or thereabouts), I was asked to reflect on the major issues in the capital theory controversies, together with the critique of neoclassical theory and the alternative approach(es) that were then being developed as a consequence of the critique. This was a tall order; I tried to fulfill the brief by setting down some general reflections on the issues. In the event, the paper was never published. As I said in Harcourt (1995a), it ‘was thought to be in poor taste, unprofessional and unfair’. I added that ‘looking back [in 1995] I thought it was spot on’ (245), so I am delighted that Paul Davidson has allowed me to publish it here, together with an addendum in which I may retract and/or add to my then-views. What follows is the original script (with a bit of necessary supporting scholarship added). Please read on.

Keywords: Supply Curve; Neoclassical Theory; Classical Political Economist; Post Keynesian Economic; Selected Essay (search for similar items in EconPapers)
Date: 2001
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Journal Article: Critiques and Alternatives: Reflections on Some Recent (and Not so Recent) Controversies (1996)
Working Paper: Critiques and Alternatives: Reflections on Some Recent (and Not So Recent) Controversies (1981)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52331-9_20

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DOI: 10.1057/9780230523319_20

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