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Capital Controversy From Böhm-Bawerk To Bliss: Badly Posed Or Very Deep Questions? Or What “We” Can Learn From Capital Controversy Even If You Don'T Care Who Won

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  • COHEN, AVI J.

Abstract

The author's path from heterodoxy to economic history to the history of economics is used as a case study to explore tensions between “doing economics” and “doing the history of economics,” between the ideological vision (Schumpeter) motivating a research agenda and the even-handed execution of research. These same tensions appear in the history of capital controversy, which contains deep questions of history and path dependence versus equilibrium models, limitations of aggregate production functions, and the roles of vision and ideology in the reluctance to abandon insights of one-commodity models when results are not robust.

Suggested Citation

  • Cohen, Avi J., 2010. "Capital Controversy From Böhm-Bawerk To Bliss: Badly Posed Or Very Deep Questions? Or What “We” Can Learn From Capital Controversy Even If You Don'T Care Who Won," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(1), pages 1-21, March.
    • Handle: RePEc:cup:jhisec:v:32:y:2010:i:01:p:1-21_99
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    Cited by:

    1. Cachanosky Nicolás, 2017. "Austrian Economics, Market Process, and the EVA® Framework," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 12(s1), pages 1-9, July.
    2. Nicolás Cachanosky, 2021. "Microfoundations and macroeconomics: 20 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 279-288, June.
    3. Akhabbar, Amanar, 2014. "Circulation du capital et explication du changement économique chez Marschak, Frisch et Leontief [Capital Circulation and the Explanation of Economic Change by Marschak, Frisch and Leontief]," MPRA Paper 93327, University Library of Munich, Germany.
    4. Nicolás Cachanosky & Peter Lewin, 2018. "The Role of Capital Structure in Austrian Business Cycle Theory," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 33(Summer 20), pages 21-32.
    5. Harvey Gram & Geoffrey Harcourt, 2015. "Joan Robinson and MIT," Working Papers 9, City University of New York Graduate Center, Ph.D. Program in Economics.
    6. Nicolás Cachanosky, 0. "Microfoundations and macroeconomics: 20 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 0, pages 1-10.
    7. Peter Lewin & Nicolás Cachanosky, 2018. "Value and capital: Austrian capital theory, retrospect and Prospect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(1), pages 1-26, March.
    8. Marcuzzo, Maria Cristina & Zacchia, Giulia, 2024. "The History Of Economic Thought From The Viewpoint Of Hes Presidential Addresses," SocArXiv wt9rp, Center for Open Science.

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