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.
Introduction 1. A Brief Exposition of Reswitching and Capital Reversing 2. The Background of the Debate: Some History 3. Clouds in the Neoclassical Sky 4. Taking Methodological Stock (I) 5. Triumph and Crisis of the Neoclassical Production Model 6. Taking Methodological Stock (II) 7. From Curiosum to Issue 8. Neoclassical Reactions 9. Taking Methodological Stock (III) 10. The Role of Mathematics 11. Taking Methodological Stock (IV) 12. A Final Stock-Taking