Retrospectives Whatever Happened to the Cambridge Capital Theory Controversies?
回顾了20世纪50至70年代的剑桥资本理论争论,指出其核心问题仍未解决,包括资本回报的解释、路径依赖对均衡概念的挑战,以及意识形态在争论中的作用,并预测这些问题将在内生增长和真实商业周期理论中再次引发争议。
We argue that the Cambridge capital theory controversies of the 1950s to 1970s were the latest in a series of still-unresolved controversies over three deep issues: explaining and justifying the return to capital; Joan Robinson's complaint that, due to path dependence, equilibrium is not an outcome of an economic process and therefore an inadequate tool for analyzing accumulation and growth; and the role of ideology and vision in fuelling controversy when results of simple models are not robust. We predict these important and relevant issues, latent in endogenous growth and real business cycle theories, will erupt in future controversy.