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Showing posts with label Cambridge capital debates. Show all posts
Showing posts with label Cambridge capital debates. Show all posts
Monday, February 10, 2020

Principals of Macroeconomics 5: Robinson and the Theory of Capital — John Weeks

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In Chapter 1 of The General Theory Keynes famously refers to two “postulates of Classical economics”, one of which determines the demand fo...
2 comments:
Friday, April 19, 2019

Robert Vienneau — Some Experts On The Cambridge Capital Controversy

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For those interested in the CCC. Thoughts On Economics Some Experts On The Cambridge Capital Controversy Robert Vienneau
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Sunday, July 16, 2017

Barkley Rosser — "Those Of You Who Are Old Enough Will Really Get This"

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More for the record. Larry Summers and his uncles, Kenneth Arrow and Paul Samuelson, and the Cambridge capital debates and Joan Robinson. ...
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Saturday, May 7, 2016

Barkley Rosser — The Revenge Of Joan Robinson: Capital Theory Controversies Revive

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It was just two years ago that Thomas Piketty's book, Capital, made the best seller lists. Right now considerable attention is being ...
Thursday, May 28, 2015

Lars P. Syll — What is this thing called ‘capital’?

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Cambridge capital debate revisited. Macroeconomics textbooks discuss ‘capital’ as if it were a well-defined concept — which it is not, e...
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Wednesday, May 20, 2015

Robert Vienneau — Paul Romer Confused On Capital Theory

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On Romer making stuff up. Yet another smackdown. I've lost count. Thoughts on Economics Paul Romer Confused On Capital Theory Robert Vie...
Tuesday, October 21, 2014

Peter Radford — Why No Labor Controversy?

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Surely labor is as muddled a concept as capital.… To me, at least, the old fashioned triad of inputs into the basic economic production e...
Thursday, October 9, 2014

Lord Keynes — What Determines Profits in Neoclassical Theory?

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Important now in relation to Peter Thiel's monopoly theory of the entrepreneur versus commodity producer, where commodity producers comp...
Monday, June 30, 2014

Peter Dorman — Piketty and the Capital Theory Dustup

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Anyone who has studied this debate knows that this summary bears no relation at all to what was actually argued over. Piketty seems like a...
Friday, June 20, 2014

Robert Vienneau — A Sophisticated Neoclassical Response To Cambridge Capital Controversies

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One way of reading the Cambridge Capital Controversy (CCC) is an internal exploration of and debate about neoclassical price theory1. Both ...
Wednesday, May 21, 2014

Steven Pressman — Live-Blogging Piketty: Reading Pt. II

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Pressman is conducting a pretty in depth analysis in comparison with most others. Here are some of the highlights. Part II of Capital in ...
Friday, May 2, 2014

Dean Baker — Thomas Piketty and the Ghost of Joan Robinson

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Mostly about the Cambridge capital controversy. This relates to the Cambridge controversies since the Cambridge U.K. preople argued that ...

J. Barkley Rosser — Paul Krugman Really Blows It

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It is in his parenthetical aside, that "you shouldn't" think that Robinson and Kaldor (who was not one of the main participan...
Monday, April 28, 2014

Philip Pilkington — The Capital Controversies Rise Once More

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Phil explains how the issues raised in the Cambridge capital controversy are relevant today in light of the debate around inequality. The ...
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Friday, April 25, 2014

Lars P. Syll — Krugman’s gadget interpretation of economics

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Where does all this leave us? Well, I for one, is not the least impressed by Krugman’s gadget interpretation of economics. Krugman — still ...
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Matias Vernengo — Krugman on Palley's Gattopardo Economics

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Matias Vernengo contra Krugman. Naked Keynesianism Krugman on Palley's Gattopardo Economics Matias Vernengo | Associate Professor of E...
Thursday, April 24, 2014

Lars Syll — Krugman’s misleading trivialization of the capital controversy

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Historical revisionist Paul Krugman takes another swipe at James K. Galbraith, who criticized Piketty's neoclassical assumption about ...
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Sunday, April 13, 2014

Lars P. Syll — Economics textbooks on ‘capital’ — how to get away with scientific fraud

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In the United States, on the other hand, mainstream economics goes on as if the [Cambridge Capital] controversy had never occurred. Macroec...
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Monday, February 3, 2014

Unlearningecon — Yes, The Cambridge Capital Controversies Matter

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I rarely (never) post based solely on a quick thought or quote, but this just struck me as too good not to highlight. It’s from a b...
Tuesday, January 14, 2014

George Stigler and the labor theory of value

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Stigler got it all backwards. George Stigler is a neoliberal ideologue and gets paid well for it. Naked Keynesianism ...
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