> JayHecht at aol.com wrote:
>
> >I hope this debate is going turn out to be a lot more interesting than
> the
> >"Capital Critique." Heterodox economists in the 1960s and early 1970s
> >thought they had found the "magic bullet" to destroy NC economics. Well
> they
> >did have the bullet, but I suppose they never had a large enough gun!
>
> And the NCs just forgot about the critique and went on their merry
> way, right? Does anyone remember that at all, aside from a few
> "heterodox" weirdos?
>
> Doug
>
Is this about the Cambridge controversy? Could someone summarize this for me? Basically as I understand it, there was a debate between some Cambridge Keynesians/Marxians and some Harvard/MIT economists, right? Didn't their debate have to do with whether capital is productive? Who was right and who won the debate? And what significance does it have?
Seth