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Fields Impacted By The Cambridge Capital Controversy (CCC)

Summary:
Some of these should have been more impacted: Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate production function, and a belief that business cycles are to be explained by sticky or rigid prices or other imperfections are all shown to be questionable. Marxist economics: Steedman's Marx after Sraffa made a splash, with many writing afterwards. Lately, I've read a bit of Riccardo Bellofiore, but a bibliography here could go on and on. Monetary economics: Sraffa's work undermines the concept of the natural rate of interest and the concept of a neutral monetary policy. Colin Rogers' Money, interest and capital: A Study in the foundations of monetary theory goes into this. Labor economics: Here I point to my own stuff. Theory of the firm: Opocher

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Some of these should have been more impacted:

  • Macroeconomics: Measures of Total Factor Productivity, every model with an aggregate production function, and a belief that business cycles are to be explained by sticky or rigid prices or other imperfections are all shown to be questionable.
  • Marxist economics: Steedman's Marx after Sraffa made a splash, with many writing afterwards. Lately, I've read a bit of Riccardo Bellofiore, but a bibliography here could go on and on.
  • Monetary economics: Sraffa's work undermines the concept of the natural rate of interest and the concept of a neutral monetary policy. Colin Rogers' Money, interest and capital: A Study in the foundations of monetary theory goes into this.
  • Labor economics: Here I point to my own stuff.
  • Theory of the firm: Opocher and Steedman's Full Industry Equilibrium: A Theory of the Industrial Long Run is an adequate illustration.
  • Industrial Organization: I have been working on a contribution here.
  • The theory of international trade: Mainwaring, Metcalfe, Parrinello, and Steedman have early contributions in this area.
  • Spatial or regional economics: I'll mention Sheppard and Barnes's textbook The Capitalist Space Economy: Geographical Analysis After Ricardo, Marx, and Sraffa and the work of Walter Isard with different regions being modeled by interacting Leontief matrices.
  • Environmental or ecological economics: I think of Robin Hahnel's recent work on throughput or Richard England (1986) drawing connections between ecological costs and the functional distribution of income.

I do not claim that the above list is complete.

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