Zeer uitgebreide serie interviews met de Italiaanse econoom Luigi Pasinetti over de Cambridge Capital Controversy. De geschiedenis van economisch denken is een door economen ondergewaardeerd deel van hun vak.

Inleiding
Contemporary Economics has more than one Magical Realist moment – just look at how the basic building block of the Keynesian Revolution – the decisive role of the principle of effective demand – all but vanished from sight after the late nineteen seventies. But there is another, almost equally fateful: the Cambridge Capital Controversy, which came to consummate expression in a memorable issue of the Quarterly Journal of Economics in 1966.

Probably no summary of the issues at stake in this giant dust up has much hope of gaining assent from all the stakeholders. The issues are so complex and the background so ideological that one can easily understand how one commentator on an early contribution by Robert Solow exclaimed that “perhaps the whole problem is too complicated for adequate reflection in a formal model.”

But with the caution that on this treacherous terrain readers are well advised to protect themselves from bias by sampling the classic contributions for themselves, one might venture to describe the Capital Controversy as the Waterloo of the idea that you could explain the distribution of income in terms of the balance of supply and demand for comparable factors of production reflecting purely physical (or “technical”) production relations.

Duur van dit stukje: 26:24
De hele serie vindt U hier, en op Youtube.