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The contribution of Gerald Shove to the development of Cambridge Economics

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  • Claudio Sardoni

Abstract

Frank Gerald Shove was a close friend of Keynes and the other protagonists of the economic debates in Cambridge during the 1920s and 1930s. Shove's influence on those debates is not well documented because he published little and had all his notes destroyed after his death. This paper looks at Shove's most significant contributions to the debates of the 1930s. Attention is concentrated on the debates over increasing returns and imperfect competition. Shove emphasized the complexity of economic phenomena and the need to develop tools to deal with it. He found his analytical and methodological inspiration in Marshall's work. This position led him to clash with younger economists, in particular Joan Robinson, whose work on imperfect competition and whose efforts to achieve rigorous and 'precise' results failed, in his view, to capture the working of actual markets. The final section of the paper discusses the similarity of Shove's methodological outlook to that of Keynes. Both were well aware of the need to go beyond Marshall, but they wanted to retain the richness, complexity and realism of Marshall's approach.

Suggested Citation

  • Claudio Sardoni, 2004. "The contribution of Gerald Shove to the development of Cambridge Economics," Review of Political Economy, Taylor & Francis Journals, vol. 16(3), pages 361-375.
    • Handle: RePEc:taf:revpoe:v:16:y:2004:i:3:p:361-375
    DOI: 10.1080/0953825042000225643
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    References listed on IDEAS

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    1. John K. Whitaker, 1989. "The Cambridge Background to Imperfect Competition," Palgrave Macmillan Books, in: George R. Feiwel (ed.), The Economics of Imperfect Competition and Employment, chapter 3, pages 169-196, Palgrave Macmillan.
    2. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    3. G. C. Harcourt, 1995. "Capitalism, Socialism and Post-Keynesianism," Books, Edward Elgar Publishing, number 206.
    4. Joan Robinson, 1969. "The Economics of Imperfect Competition," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15320-6, December.
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