Title: The Cambridge controversies in capital theory : a study in the logic of theory development /
Authors: Birner, Jack, 1951-
Publisher: Routledge,
Year: 2002
Subjects: Capital.; Neoclassical school of economics.
Abstract: "A controversy in capital theory dominated economics in the 1960s and 1970s. Economists based in Cambridge, England detected flaws in the production model of neoclassical economics, associated with Cambridge, America. This debate established that the aggregate measure K for capital could not be used except in very special cases despite its still common usage in real business cycle theory today."