Cambridge Controversies in Capital Theory

Download or read book Cambridge Controversies in Capital Theory written by Jack Birner and published by Routledge. This book was released on 2002-02-21 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Cambridge Controversies in Capital Theory discusses the main contributions to the controversy in a series of case studies. It gradually develops a methodological model of idealizations that explains both the process of the debate and the historical ironies surrounding it, revealing that the surrounding confusion was due to the internal dynamics of the debate rather than to ideological differences. Economists were mainly engaged in attempts to solve local problems, often of a highly technical nature. This, plus the use of mathematics, led them to confuse different kinds of idealizations and to drift away from the global problems that were at stake.