Surveys Of The Cambridge Capital Controversy

'Neoclassical' economists accepted, in the third quarter of last century, that the theories they teach and apply have no rigorous foundation. They are illogical and incoherent. Why does that not matter? This presents a puzzle.

Many have surveyed or responded to the Cambridge Capital Controversy. Here are some surveys and responses:

• Jack Birner. 2002. Cambridge Controversies in Capital Theory: A Methodological Analysis. Routledge.
• Mark Blaug. 1974. The Cambridge Revolution: Success or Failure?. London: Institute of Economic Affairs. (I stumbled upon this negative review in the History of Political Economy.)
• Christopher Bliss. 1975. Capital Theory and the Distribution of Income. Elsevier North-Holland.
• Edwin Burmeister. 1982. Capital Theory and Dynamics. Cambridge University Press.
• Avi J. Cohen and G. C. Harcourt. 2003. Whatever happened to the Cambridge capital theory controversies. Journal of Economic Perspectives 17(1): 199-214.
• Avinash Dixit. 1977. The accumulation of capital theory. Oxford Economic Papers 29(1): 1-29.
• Roger W. Garrison. 2006. Reflections on reswitching and roundaboutness. In Money and Markets: Essays in Honor of Leland B. Yeager (ed. by Roger Koppl). Routledge.
• G. C. Harcourt. 1969. Some Cambridge controversies in the theory of capital. Journal of Economic Literature 7(2): 369-405.
• G. C. Harcourt. 1972, 2022. Some Cambridge Controversies in the Theory of Capital. Cambridge University Press.
• Daniel Hausman. 1981. Capital, Prices and Profits. Columbia University Press.
• Andrés Lazzarini. 2011. Revisiting the Cambridge Capital Theory Controversies: A Historical and Analytical Study. Pavia University Press..
• Joseph E. Stiglitz. 1974. The Cambridge-Cambridge controversy in the theory of capital: a view from New Haven. Journal of Political Economy 82(4): 893-903.
• Leland B. Yeager. 1979. Capital paradoxes and the concept of waiting. In Time, Uncertainty, and Disequilibrium: Exploration of Austrian Themes (ed. by M. J. Rizzo). Lexington Books.

Harcourt (1972) is my favorite of these surveys - an utterly conventional view. I disagree with much in many of these surveys and responses. But those who have never been exposed to the CCC will learn something from any of them.