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Some Cambridge Controversies in the Theory of Capital
     

Some Cambridge Controversies in the Theory of Capital

by G. C. Harcourt
 

Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly

Overview

Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics 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.

Product Details

ISBN-13:
9780521096720
Publisher:
Cambridge University Press
Publication date:
05/25/1972
Series:
Modern Revivals in Economics Series
Pages:
288
Product dimensions:
5.51(w) x 8.50(h) x 0.63(d)

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