Paul A. Samuelson's (1966) capitulation during the so-called Cambridge controversy on the re-switching of techniques in capital theory had implications not only in pointing at supposed internal contradiction of the marginal theory of production and distribution, but also in the pursue of vested interests of vested interests in the academic and political world to this day . Based on a new non-switching theorem (Milana, 2019) , the present paper demonstrates that Samuelson's capitulation was logically groundless from the point of view of the economic theory of production.
Paul A. Samuelson's (1966) capitulation during the so-called Cambridge controversy on the re-switching of techniques in capital theory had implications not only in pointing at supposed internal contradiction of the marginal theory of production and distribution, but also in preserving vested interests in the academic and political world . Based on a new non-switching theorem , the present paper demonstrates that Samuelson's capitulation was logically groundless from the point of view of the economic theory of production.
R
the pursue of vested interests of vested interests
preserving vested interests
D
to this day
D
(Milana, 2019)