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Critiques and Alternatives: Reflections on Some Recent (and Not so Recent) Controversies

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  • G. C. Harcourt

Abstract

In 1980 (or thereabouts), I was asked to reflect on the major issues in the capital theory controversies, together with the critique of neoclassical theory and the alternative approach(es) that were then being developed as a consequence of the critique. This was a tall order; I tried to fulfill the brief by setting down some general reflections on the issues. In the event, the paper was never published. As I said in Harcourt (1995a), it ‘was thought to be in poor taste, unprofessional and unfair’. I added that ‘looking back [in 1995] I thought it was spot on’ (245), so I am delighted that Paul Davidson has allowed me to publish it here, together with an addendum in which I may retract and/or add to my then-views. What follows is the original script (with a bit of necessary supporting scholarship added). Please read on.
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Suggested Citation

  • G. C. Harcourt, 1996. "Critiques and Alternatives: Reflections on Some Recent (and Not so Recent) Controversies," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 19(2), pages 171-180, December.
    • Handle: RePEc:mes:postke:v:19:y:1996:i:2:p:171-180
    DOI: 10.1080/01603477.1996.11490103
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    1. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
    2. G. C. Harcourt, 1995. "Capitalism, Socialism and Post-Keynesianism," Books, Edward Elgar Publishing, number 206.
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    Cited by:

    1. Galanis, Giorgos & Veneziani, Roberto & Yoshihara, Naoki, 2016. "Growth, Exploitation and Class Inequalities," Discussion Paper Series 636, Institute of Economic Research, Hitotsubashi University.
    2. Gary Mongiovi, 2001. "The Cambridge Tradition in Economics: An interview with G. C. Harcourt," Review of Political Economy, Taylor & Francis Journals, vol. 13(4), pages 503-521.

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