----------------- HES POSTING ----------------- Avi J. Cohen asked for the source of the following: >During the Cambridge capital controversies, I recall seeing a statement >something like "when economists agree about capital theory they will have >agreed on everything else." The quotation comes from Bliss, C.J. (1975) "Capital Theory and the Distribution of Income" Oxford: North-Holland Publishing. The (partial) quote is: "When economists reach agreement on the theory of capital they will shortly reach agreement on everything. Happily for those who enjoy a diversity of views and beliefs, there is little danger of this outcome." To demonstrate the validity of the quote, the terms "theory of capital" (used by Bliss) and "capital theory" (used in your quote) were also subject to much debate and these terms must also be used carefully! Ian Runge ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]