Some Cambridge Controversies in the Theory of Capital

Some Cambridge Controversies in the Theory of Capital

by Geoffrey Colin Harcourt
     
 

View All Available Formats & Editions

ISBN-10: 0751200271

ISBN-13: 9780751200270

Pub. Date: 01/28/1992

Publisher: Ashgate Publishing, Limited

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:
9780751200270
Publisher:
Ashgate Publishing, Limited
Publication date:
01/28/1992
Series:
Modern Revivals in Economics Series
Pages:
272
Product dimensions:
5.60(w) x 8.50(h) x 1.00(d)

Table of Contents

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?

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >