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Some Cambridge Controversies in the Theory of Capital G. C. Harcourt (University of New South Wales, Sydney)

Some Cambridge Controversies in the Theory of Capital By G. C. Harcourt (University of New South Wales, Sydney)

Some Cambridge Controversies in the Theory of Capital by G. C. Harcourt (University of New South Wales, Sydney)


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Summary

One of the classic texts to have emerged from the Cambridge Capital Controversy. This fiftieth anniversary edition comes with a new preface by the author and two new afterwords that reflect on the author's contribution to the field and the significance of the book in the history of economics.

Some Cambridge Controversies in the Theory of Capital Summary

Some Cambridge Controversies in the Theory of Capital: Fiftieth Anniversary Edition by G. C. Harcourt (University of New South Wales, Sydney)

The Cambridge Capital Controversy was one of the most significant debates in Twentieth Century economics. First published in 1972, this book provides an accessible reconstruction of the controversy with detailed discussion of the major points raised by its primary protagonists: Piero Sraffa and Joan Robinson on the post-Keynesian side (Cambridge, UK) and Robert Solow and Paul Samuelson on the neo-classical side (Cambridge, MA). The book is now considered to be a classic. This fiftieth anniversary edition comes with a new preface by the author and two new afterwords that reflect on the author's contribution to the field and the significance of the book in the history of economics. Topics covered include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.

Table of Contents

Introduction; 1. Search for a will-o'-the-wisp: capital as a unit independent of distribution and prices; 2. Treacle, fossils and technical progress; 3. Solow on the rate of return: tease and counter-tease Preliminaries to the main bout; 4. A child's guide to the double-switching debate; 5. The rate of profits in capitalist society: whose finest hour? Introduction to the Afterwords; Afterword 1: Some notes on the life of a book Tiago Mata; Afterword 2: Who is (your) Geoff Harcourt? Avi Cohen.

Additional information

NPB9781009158152
9781009158152
1009158155
Some Cambridge Controversies in the Theory of Capital: Fiftieth Anniversary Edition by G. C. Harcourt (University of New South Wales, Sydney)
New
Hardback
Cambridge University Press
2022-06-02
350
N/A
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