G.C. Harcourt (1931–)

Chapter

Abstract

The contributions to economics—in its theoretical, applied (or empirical), and policy aspects—by Geoff Harcourt are many-splendoured. They are predominantly macroeconomic, with the kind of microeconomic underpinnings that are associated with non-orthodox pioneers. In this—admittedly inadequate—essay, I try to summarize and outline, in a unified way, Harcourt’s many faceted and deep contributions to economics.

Keywords

Keynes Post Keynesian economics Capital theory Golden Age Cambridge economics Kaleckian economics Economic biography 

References

Main Works by G.C. Harcourt

  1. Blankenburg, S. and G.C. Harcourt (2007). ‘The Representative Firm and Increasing Returns: Then and Now’. Chapter 5 in P. Arestis, M. Baddeley and J.S.L. McCombie (eds) Economic Growth: New Directions in Theory and Policy. Cheltenham, Glos.: Edward Elgar: 44–64.Google Scholar
  2. Cohen, A.J. and G.C. Harcourt (2003). ‘Whatever Happened to the Cambridge Capital Theory Controversies?’. Journal of Economic Perspectives, 17(1): 199–214.CrossRefGoogle Scholar
  3. Harcourt, G.C. (1960). ‘The Finance of Investment, Taxation, Depreciation and Retained Profits in Selected United Kingdom Industries, 1949–1953’. Unpublished PhD dissertation, Cambridge University.Google Scholar
  4. Harcourt, G.C. (1962). ‘Review of Productivity and Technical Change, by W.E.G. Salter’. Economic Record, 38(83): 388–394.Google Scholar
  5. Harcourt, G.C. (1963). ‘A Critique of Mr. Kaldor’s Model of Income Distribution and Economic Growth’. Australian Economic Papers, 2(1): 20–36. Essay 6 in G.C. Harcourt (1982) The Social Science Imperialists. Edited by P. Kerr. London: Routledge and Kegan Paul: 67–85.Google Scholar
  6. Harcourt, G.C. (1965a). ‘The Accountant in a Golden Age’. Oxford Economic Papers, 17(1): 66–80.Google Scholar
  7. Harcourt, G.C. (1965b). ‘A Two-Sector Model of the Distribution of Income and the Level of Employment in the Short Run’. Economic Record, 41(93): 103–117.Google Scholar
  8. Harcourt, G.C. (1966). ‘Biases in Empirical Estimates of the Elasticities of Substitution of C.E.S. Production Functions’. Review of Economic Studies, 33(3): 227–233.CrossRefGoogle Scholar
  9. Harcourt, G.C. (1968). ‘Investment-Decision Criteria, Investment Incentives and the Choice of Technique’. Economic Journal, 78(309): 77–95.CrossRefGoogle Scholar
  10. Harcourt, G.C. (1969a). ‘Some Cambridge Controversies in the Theory of Capital’. Journal of Economic Literature, 7(2): 369–405.Google Scholar
  11. Harcourt, G.C. (1969b). ‘A Teaching Model of the ‘Keynesian’ System’. Keio Economic Studies, 6(2): 23–46.Google Scholar
  12. Harcourt, G.C. (1972). Some Cambridge Controversies in the Theory of Capital. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  13. Harcourt, G.C. (1977). ‘Eric Russell (1921-77): A Memoir’. Economic Record, 53(4): 467–474.CrossRefGoogle Scholar
  14. Harcourt, G.C. (1982). The Social Science Imperialists. Edited by P. Kerr. London: Routledge and Kegan Paul.Google Scholar
  15. Harcourt, G.C. (1985). ‘A Twentieth-Century Eclectic: Richard Goodwin’. Journal of Post Keynesian Economics, 7(3): 410–421.CrossRefGoogle Scholar
  16. Harcourt, G.C. (1988). ‘Nicholas Kaldor, 12 May 1908-30 May 1988’. Economica, 55(218): 159–170.Google Scholar
  17. Harcourt, G.C. (1991). ‘Review of Turner, Joan Robinson and the Americans; Feiwel. (ed.) Joan Robinson and Modern Economic Theory (Volume 1) and The Economics of Imperfect Competition and Employment: Joan Robinson and Beyond (Volume 2)’. History of Political Economy, 23(1): 158–164.Google Scholar
  18. Harcourt, G.C. (1992). On Political Economists and Modern Political Economy: Selected Essays of G.C. Harcourt. Edited by C. Sardoni. Abingdon, Oxford: Routledge.Google Scholar
  19. Harcourt, G.C. (1995a). ‘Recollections and Reflections of an Australian Patriot and a Cambridge Economist’. Banca Nazionale del Lavoro Quarterly Review, 48(194): 225–254.Google Scholar
  20. Harcourt, G.C. (1995b). ‘Rejected’. In ‘Different Drummers: Offbeat, Oft-Rejected’ in G.B Shepherd (ed.) Rejected: Leading Economists Ponder the Publication Process. Edited Thomas Horton and Daughters, Arizona: 73–77.Google Scholar
  21. Harcourt, G.C. (1997a). ‘The Kaldor Legacy: Reviewing Nicholas Kaldor, Causes of Growth and Stagnation in the World Economy (Cambridge: Cambridge University Press, 1996)’. Journal of International and Comparative Economics, 5(3/4): 341–357.Google Scholar
  22. Harcourt, G.C. (1997b). ‘Edward Austin Gossage Robinson, 1897-1993’. Proceedings of the British Academy, 94: 707–731.Google Scholar
  23. Harcourt, G.C. (1997c). ‘Review of The Crisis of Modern Economic Thought, by Robert Heilbroner and William Milberg’. Economic Journal, 107(445): 1,921–1,923.Google Scholar
  24. Harcourt, G.C. (1997d). ‘Review of Whither Socialism? by Joseph E. Stiglitz’. Journal of Institutional and Theoretical Economics, 153(3): 590–591.Google Scholar
  25. Harcourt, G.C. (1999). ‘The End of a Perfect Day’: ‘Horses for Courses’ and Policy Proposals’. Economic Issues, 4(1): 7–20.Google Scholar
  26. Harcourt, G.C. (2000). ‘Review of Fabricating the Keynesian Revolution: Studies of the Inter-War Literature on Money, the Cycle and Unemployment, by David Laidler’. Economica, New Series, 67(266): 297–298.Google Scholar
  27. Harcourt, G.C. (2001). 50 Years a Keynesian and Other Essays. Houndmills, Hampshire: Palgrave Macmillan.CrossRefGoogle Scholar
  28. Harcourt, G.C. (2001a). ‘David Gawen Champernowne, 1912–2000: In Appreciation’. Cambridge Journal of Economics, 25(4): 439–442.Google Scholar
  29. Harcourt, G.C. (2004). ‘On Mark Perlman and Joseph Schumpeter: Their Respective Approaches to Evolutionary Economics and the History of Economic Theory’. Journal of Evolutionary Economics, 14(2): 127–130.CrossRefGoogle Scholar
  30. Harcourt, G.C. (2006). The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  31. Harcourt, G.C. (2006a). ‘Australians in Cambridge in the 1950s: A Comment on William Coleman’s Conversation with Murray Kemp’. History of Economics Review, 43(Winter): 146–149.Google Scholar
  32. Harcourt, G.C. (2009). ‘Review of Keynes and the Cambridge Keynesians: A ‘Revolution in Economics’ to be Accomplished, by L.L. Pasinetti’. History of Economic Ideas, 27(1): 203–208.Google Scholar
  33. Harcourt, G.C. (2011). ‘On Topical Themes in Veblen and Commons’s Contributions: Remarks upon Receipt of the Veblen-Commons Award’. Journal of Economic Issues, 45(2): 261–268.CrossRefGoogle Scholar
  34. Harcourt, G.C. (2012a). The Making of a Post-Keynesian Economist: Cambridge Harvest. Houndmills, Hampshire: Palgrave Macmillan.Google Scholar
  35. Harcourt, G.C. (2012b). On Skidelsky’s Keynes and Other Essays: Selected Essays of G.C. Harcourt. Houndmills, Hampshire: Palgrave Macmillan.Google Scholar
  36. Harcourt, G.C. (2013). ‘The Importance of Humbug in the Cambridge-Cambridge Controversies in Capital Theory’. Global and Local Economic Review, 17(1): 11–21.Google Scholar
  37. Harcourt, G.C. (2014). ‘“Heinz” Harcourt’s Collaborations: Over 57 Varieties’. UNSW Business School Research Paper, No. 2015, ECON 11.Google Scholar
  38. Harcourt, G.C. (2015a). ‘Curriculum Vitae’. March.Google Scholar
  39. Harcourt, G.C. (2015b). ‘On the Cambridge, England, Critique of the Marginal Productivity Theory of Distribution’. Review of Radical Political Economics, 47(2): 243–255.Google Scholar
  40. Harcourt, G.C. and J. Gleeson-White (2012). ‘Double Entry Book Keeping: A Conversation’. Economic and Labour Relations Review, 23(3): 89–104.Google Scholar
  41. Harcourt, G.C. and P. Kenyon (1976). ‘Pricing and the Investment Decision’. Kyklos, 29(3): 449–477.CrossRefGoogle Scholar
  42. Harcourt, G.C. and P. Kerr (2009). Joan Robinson. Basingstoke, Hampshire: Palgrave Macmillan.CrossRefGoogle Scholar
  43. Harcourt, G.C. and M. Kitson (1993). ‘Fifty Years of Measurement: A Cambridge View’. Review of Income and Wealth, 39(4): 435–447.CrossRefGoogle Scholar
  44. Harcourt, G.C. and V.G. Massaro (1964a). ‘Mr. Sraffa’s Production of Commodities’. Economic Record, 40(91): 442–454.Google Scholar
  45. Harcourt, G.C. and V.G. Massaro (1964b). ‘A Note on Mr. Sraffa’s Sub-Systems’. Economic Journal, 74(295): 715–722.Google Scholar
  46. Harcourt. G.C. and M.H. Pesaran (2000). ‘Life and Work of John Richard Nicholas Stone, 1913-1991’. Economic Journal, 110(461): F146–165.Google Scholar
  47. Harcourt, G.C. and P.A. Riach (eds) (1997). A ‘Second Edition’ of The General Theory. Volume 1. London: Routledge.Google Scholar
  48. Harcourt, G.C. and S. Turnell (2005). ‘On Skidelsky’s Keynes’. Economic and Political Weekly, 40(47): 4,931–4,946.Google Scholar

Other Works Referred To

  1. Arrow, K.J. (1989). ‘Joan Robinson and Modern Economic Theory: An Interview’. Chapter 3 in G.R. Feiwel (ed.) Joan Robinson and Modern Economic Theory. New York: New York University Press: 147–185.Google Scholar
  2. Barna, T. (1957). ‘Review of The Accumulation of Capital, by Joan Robinson’. Economic Journal, 67(267): 490–493.Google Scholar
  3. Blankenburg, S. (2014). ‘Introduction’. Cambridge Journal of Economics, 38(6): 1,295–1,305.CrossRefGoogle Scholar
  4. Borel, É. (1924). ‘Apropos of a Treatise on Probability’. Revue Philosophique, 98: 321–326. Reprinted in H.E. Kyburg Jr. and H.E. Smokler (eds) (1964) Studies in Subjective Probability. New York: John Wiley & Sons: 45–60.Google Scholar
  5. Champernowne, D.G. (1971). ‘The Stability of Kaldor’s 1957 Model’. Review of Economic Studies, 38(1): 47–62.CrossRefGoogle Scholar
  6. Champernowne, D.G. and R.F. Kahn (1953–1954). ‘The Value of Invested Capital – A Mathematical Addendum to Mrs. Robinson’s Article’. Review of Economic Studies, 21(2): 107–111.Google Scholar
  7. Davidson, P. (1968). ‘The Demand and Supply of Securities and Economic Growth and Its Implications for the Kaldor-Pasinetti Versus Samuelson-Modigliani Controversy’. American Economic Review, Papers and Proceedings, 58(2): 252–269.Google Scholar
  8. Davidson, P. (1996). ‘Review of Capitalism, Socialism, and Post Keynesianism: Selected Essays of G.C. Harcourt’. Journal of Economic Issues, 30(3): 909–911.CrossRefGoogle Scholar
  9. Feiwel, G.R. (ed.) (1989). Joan Robinson and Modern Economic Theory. New York: New York University Press.Google Scholar
  10. Fisher, F.M. (1984). ‘The Misuse of Accounting Rates of Return: Reply’. American Economic Review, 74(3): 509–517.Google Scholar
  11. Fisher, I. (1907). The Rate of Interest: Its Nature, Determination and Relation to Economic Phenomena. New York: Macmillan.Google Scholar
  12. Gleeson-White, J. (2011). Double Entry: How the Merchants of Venice Shaped the Modern World – and How their Invention Could Make or Break the Planet. Sydney: Allen and Unwin.Google Scholar
  13. Goodwin, R.M. (1950). ‘A Non-Linear Theory of the Cycle’. Review of Economics and Statistics, 32(4): 316–320.CrossRefGoogle Scholar
  14. Goodwin, R.M. (1989). ‘Joan Robinson – Passionate Seeker After Truth’. Chapter 46 in G.R. Feiwel (ed.) Joan Robinson and Modern Economic Theory. New York: New York University Press: 916–917.Google Scholar
  15. Hahn, F. (1989). ‘Robinson-Hahn-Love-Hate-Relationship: An Interview’. Chapter 44 in G.R. Feiwel (ed.) Joan Robinson and Modern Economic Theory. New York: New York University Press: 895–910.Google Scholar
  16. Hardy, G.H. (1929). ‘Mathematical Proof’. Mind, New Series, 38(149): 1–25.Google Scholar
  17. Hicks, J.R. (1937). ‘Mr. Keynes and the “Classics”; A Suggested Interpretation’. Econometrica, 5(2): 147–159.CrossRefGoogle Scholar
  18. Hicks, J.R. (1956, 1982). ‘Methods of Dynamic Analysis’. In 25 Economic Essays in English, German and Scandinavian Languages in Honour of Erik Lindahl (1956). Stockholm: Svenska Tryckeriaktiebolaget: 139–151. Reprinted as chapter 18 in: Money, Interest & Wages: Collected Essays on Economic Theory, Volume II, by John Hicks (1982). Oxford: Basil Blackwell: 217–235.Google Scholar
  19. Hicks, J.R. (1973). Capital and Time: A Neo-Austrian Theory. Oxford: Clarendon Press.Google Scholar
  20. Hicks, J.R. (1977). Economic Perspectives: Further Essays on Money and Growth. Oxford: Clarendon Press.CrossRefGoogle Scholar
  21. Kahn, R.F. (1975). On Re-Reading Keynes: Fourth Keynes Lecture in Economics. The British Academy. London: Oxford University Press.Google Scholar
  22. Kahn, R.F. (1977). ‘Malinvaud on Keynes: Review Article’. Cambridge Journal of Economics, 1(4): 375–388.Google Scholar
  23. Kahn, R.F. (1978). ‘Some Aspects of the Development of Keynes’s Thought’. Journal of Economic Literature, 16(2): 545–559.Google Scholar
  24. Kahn, R.F. (1984). The Making of Keynes’s General Theory. Cambridge: Cambridge University Press.Google Scholar
  25. Kaldor, N. (1955–1956). ‘Alternative Theories of Distribution’. Review of Economic Studies, 23(2): 83–100.Google Scholar
  26. Kaldor, N. (1957). ‘A Model of Economic Growth’. Economic Journal, 67(268): 591–624.CrossRefGoogle Scholar
  27. Kaldor, N. (1970). ‘The Case for Regional Policies’. Scottish Journal of Political Economy, 17(3): 337–348.CrossRefGoogle Scholar
  28. Kaldor, N. (1983). ‘Keynesian Economics After Fifty Years’. Chapter 1 in D. Worswick and J. Trevithick (eds) Keynes and the Modern World. Cambridge: Cambridge University Press: 1–28.Google Scholar
  29. Kaldor, N. (1985). Economics without Equilibrium (with a Preface by James Tobin). New York: M. E. Sharpe, Inc.Google Scholar
  30. Kaldor, N. (1996). Causes of Growth and Stagnation in the World Economy. Cambridge: Cambridge University Press. [Text of the Raffaele Mattioli Lectures, delivered by Kaldor in May 1984.]Google Scholar
  31. Kay, J.A. (1976). ‘Accountants, Too, Could be Happy in a Golden Age: The Accountants Rate of Profit and the Internal Rate of Return’. Oxford Economic Papers, New Series, 28(3): 447–460.Google Scholar
  32. Keynes, J.M. (1921) [1973]. A Treatise on Probability. Volume VIII of The Collected Writings of John Maynard Keynes. London: Macmillan.Google Scholar
  33. Keynes, J.M. (1930) [1971]. A Treatise on Money. Two volumes. Volume V of The Collected Writings of John Maynard Keynes. London: Macmillan.Google Scholar
  34. Keynes, J,M. (1930) [1972]. ‘Economic Possibilities for our Grandchildren’. In Essays in Persuasion, volume IX of The Collected Writings of John Maynard Keynes. London: Macmillan: 321–332.Google Scholar
  35. Keynes, J.M. (1936) [1973]. The General Theory of Employment, Interest and Money. Volume VII of The Collected Writings of John Maynard Keynes. London: Macmillan.Google Scholar
  36. Keynes, J.M. (1973). The General Theory and After. Part I: Preparation. Volume XIII of The Collected Writings of John Maynard Keynes. London: Macmillan.Google Scholar
  37. Keynes, J.M. (1979). The General Theory and After: A Supplement. Volume XXIX of The Collected Writings of John Maynard Keynes. London: Macmillan.Google Scholar
  38. Klamer, A. (1989). ‘An Accountant Among Economists: Conversations with Sir John R. Hicks’. Journal of Economic Perspectives, 3(4): 167–180.CrossRefGoogle Scholar
  39. Lindahl, E. (1953). ‘On Keynes’ Ekonomiska System’. Ekonomisk Tidskrift, 55(3): 186–222.CrossRefGoogle Scholar
  40. Mantoux, É. (1937). ‘La <<Théorie Générale>> de M. Keynes’. Revue d’Économie Politique, 51(6): 1,559–1,590.Google Scholar
  41. Mantoux, É. (1946). The Carthaginian Peace – or, the Economic Consequences of Mr. Keynes. Oxford: Oxford University Press.Google Scholar
  42. Mathur, G. (1969). ‘Trotting Platinum Ages’. Chapter 15 in G.R. Feiwel (ed.) Joan Robinson and Modern Economic Theory. New York: New York University Press: 413–435.Google Scholar
  43. Matthews, R.C.O. (1984). ‘Animal Spirits’. Proceedings of British Academy, 70: 209–229.Google Scholar
  44. McCallum, B.T. (1969). ‘The Instability of Kaldorian Models’. Oxford Economic Papers, New Series, 21(1): 56–65.Google Scholar
  45. Nuti, D.M. (1970). ‘Capitalism, Socialism and Steady Growth’. Economic Journal, 80(317): 32–57.CrossRefGoogle Scholar
  46. Prescott, E.C. (2005). ‘Comments on “Inflation, Output, and Welfare,” by Ricardo Lagos and Guillaume Rocheteau’. International Economic Review, 46(2): 523–531.Google Scholar
  47. Repapis, C. (2014). ‘The Scholar as Reader: the Last 50 Years of Economic Theory Seen Through G.C. Harcourt’s Book Reviews’. Cambridge Journal of Economics, 38(6): 1,517–1,540.CrossRefGoogle Scholar
  48. Robinson, J.V. (1953–1954). ‘The Production Function and the Theory of Capital’. Review of Economic Studies, 21(2): 81–106.Google Scholar
  49. Robinson, J.V (1956, 1969). The Accumulation of Capital. Third edition. London: Macmillan, St. Martin’s Press.Google Scholar
  50. Robinson, J.V. (1962). Essays in the Theory of Economic Growth. London: Macmillan.CrossRefGoogle Scholar
  51. Rothschild, K.W. (1947). ‘Price Theory and Oligopoly’. Economic Journal, 57(227): 299–320.CrossRefGoogle Scholar
  52. Samuelson, P.A. (1964). ‘A Brief Survey of Post-Keynesian Developments’. In R. Lekachman (ed.) Keynes’ General Theory: Reports of Three Decades. New York: St. Martin’s Press: 331–347.CrossRefGoogle Scholar
  53. Samuelson, P.A. (1966). ‘A Summing Up’. Quarterly Journal of Economics, 80(4): 568–583.CrossRefGoogle Scholar
  54. Sardoni, C. (2011). Unemployment, Recession and Effective Demand: The Contributions of Marx, Keynes and Kalecki. Cheltenham, Glos.: Edward Elgar.CrossRefGoogle Scholar
  55. Sen, A.K. (1974). ‘On Some Debates in Capital Theory’. Economica, New Series, 41(163): 328–335.Google Scholar
  56. Sen, A.K. (1975). ‘Minimal Conditions for Monotonicity of Capital Value’. Journal of Economic Theory, 11(3): 340–355.CrossRefGoogle Scholar
  57. Sen, A.K. (1980). ‘Experts Who Agree to Disagree’. The Times Higher Education Supplement, 7 March: 13.Google Scholar
  58. Shaikh, A. (1974). ‘Laws of Production and Laws of Algebra: The Humbug Production Function’. Review of Economic Studies, 54(1): 115–129.Google Scholar
  59. Sraffa, P. (1960). Production of Commodities by Means of Commodities: Prelude to a Critique of Economic Theory. Cambridge: Cambridge University Press.Google Scholar
  60. Stone, J.R.N. (1945). ‘The Analysis of Market Demand’. Journal of the Royal Statistical Society, 108(3–4): 286–391.Google Scholar
  61. Swan, T.W. (1950). ‘Progress Report on the Trade Cycle’. Economic Record, 26(51): 186–200.CrossRefGoogle Scholar
  62. Timlin, M. (1942). Keynesian Economics. Toronto: University of Toronto Press.Google Scholar
  63. Velupillai, K.V. (ed.) (1990). Nonlinear and Multisectoral Macroeconomics: Essays in Honour of Richard Goodwin. London: Macmillan.Google Scholar
  64. Whittington, G. (2007). Profitability, Accounting Theory and Methodology: The Selected Essays of Geoffrey Whittington. London: Routledge.CrossRefGoogle Scholar
  65. Wright, F.K. (1978). ‘Accounting Rate of Profit and Internal Rate of Return’. Oxford Economic Papers, New Series, 30(3): 464–468.Google Scholar
  66. Zambelli, S. (forthcoming). ‘The Aggregate Production Function and Its Neoclassical Properties: An Empirical Verification’. Cambridge Journal of Economics.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Formerly Professore di Chiara FamaUniversity of TrentoTrentoItaly
  2. 2.Formerly Professor of EconomicsNew School for Social ResearchNew YorkUSA

Personalised recommendations