1st Edition

Fighting Market Failure Collected Essays in the Cambridge Tradition of Economics

By Maria Cristina Marcuzzo Copyright 2012
322 Pages
by Routledge

304 Pages
by Routledge

336 Pages
by Routledge

This collection brings together fifteen essays published between 1994 and 2008 which all look into the contribution of a remarkable group of economists known as the "Cambridge school" or the "Cambridge Keynesians". The people involved are better defined as a "group" rather than a "school", to denote not adhesion to a common body of doctrine but rather the idea of both cohesion and sharing.... Read more

Introduction  Part 1: Individuals  1. Cambridge as a Place in Economics with Nerio Naldi, Annalisa Rosselli and Eleonora Sanfilippo  2. Keynes and Cambridge  3. Piero Sraffa at the University of Cambridge  4. The ‘Elusive Figure Who Hides in the Preface of Cambridge Books’: An Appraisal of Richard Kahn’s Contributions  5. Joan Robinson and the Three Cambridge Revolutions  6. R.F. Kahn and Imperfect Competition  Part 2: Collaboration  7. The Collaboration between J.M. Keynes and R.F. Kahn from the Treatise to the General Theory  8. Joan Robinson and Richard Kahn: The Origin of Short-Period Analysis  9. Robinson and Sraffa  10. Sraffa and Cambridge Economics, 1928–1931  Part 3: Approach  11. From Market ‘Imperfections’ to Market ‘Failures’: Some Cambridge Challenges to Laissez-Faire  12. Alternative Microeconomic Foundations for Macroeconomics: The Controversy over the L-shaped Cost Curve Revisited  13. Short-Period Economics in Retrospect  14. The ‘First’ Imperfect Competition Revolution  15. Profit Maximization in the Cambridge Tradition of Economics with Eleonora Sanfilippo

Biography

Maria Cristina Marcuzzo is Professor in Economics at the University of Rome, "La Sapienza", Italy. She is Past President of the European Society for the History of Economic Thought, member of the Executive Committee of the Italian Society of Economists, and of the History of Political Economy Society.

"A must for all those interested in the Cambridge traditions of economics. Marcuzzo paints a rich and fascinating picture of their leading scholars and main ideas. She rightly rejects the view that there was a "Cambridge school"." - Heinz Kurz, University of Graz, Austria

"No surprise if, put together, these essays also contribute to give a better understanding and a clearer view of the “unconventional” lives these economists lived (part I), of the richness of their collaborations (part II), and of their ideas (part III). Indeed, each chapter provides, especially for a non-specialist like me, a lot of valuable information." - Alain Marciano, University of Montpellier