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The Cambridge Controversies In Capital Theory



The Cambridge Controversies were a series of disputes over the foundations of economics, which took place in the 1960s and 1970s. The disputes revolved around the idea of idealizations, which is when economists make assumptions about the world that are not always true. Birner discusses the main contributions to the controversy in a series of case studies, and gradually develops a methodological mo... more details
Key Features:
  • The Cambridge Controversies were a series of disputes over the foundations of economics
  • The disputes revolved around the idea of idealizations, which is when economists make assumptions about the world that are not always true
  • Birner discusses the main contributions to the controversy in a series of case studies, and gradually develops a methodological model of idealizations that explains both the progress of the debate and the historical ironies surrounding it


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The Cambridge Controversies were a series of disputes over the foundations of economics, which took place in the 1960s and 1970s. The disputes revolved around the idea of idealizations, which is when economists make assumptions about the world that are not always true. Birner discusses the main contributions to the controversy in a series of case studies, and gradually develops a methodological model of idealizations that explains both the progress of the debate and the historical ironies surrounding it.

This book explains the debate over the Cambridge controversies of the 1960s and 1970s. In a compelling and comprehensive argument, Birner discusses the main contributions to the controversy in a series of case studies. He gradually develops a methodological model of idealizations that explains both the progress of the debate and the historical ironies surrounding it.
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