The Importance of HUMBUG in the Cambridge - Cambridge Controversies in Capital Theory

Abstract

I am delighted and honoured to contribute an essay to the Special Issue of the Global and Local Economic Review in honour of Anwar Shaikh’s contributions, and especially to honour 40 years on from the publication of his wonderful HUMBUG article, “Laws of production and laws of algebra: the Humbug production function” in the February 1974 issue of The Review of Economics and Statistics.