"Cambridge theories of value and distribution themselves suffer from the very malady which they hope to cure: rhetoric apart, they are deeply infected by static, equilibrium analysis of maximizing economic agents, acting with full information in a world of perfect certainty, as in the orthodoxy they deplore. … If there is something wrong with neo-classical economics – as there may well be – the Cambridge theories share all of its weaknesses and practically none of its strengths."
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Columbia University alumniEconomists from the United KingdomPeople from The HagueFellows of the British Academy
Original Language: English
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The Cambridge Revolution, Success Or Failure? (1974)
https://en.wikiquote.org/wiki/Mark_Blaug
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Mark Blaug
Mark Blaug FBA (3 April 1927 – 18 November 2011) was a Dutch-born British economist.
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