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The Cambridge capital controversy, sometimes called "the capital controversy" or "the two Cambridges debate", was a dispute between proponents of two differing theoretical and mathematical positions in economics that started in the 1950s and lasted well into the 1960s.
The Cambridge capital controversy revived interest in Marxian economics, contributed to the founding of neo-Ricardian or Sraffian economics, and inspired the development of post-Keynesian economics.
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Cambridge became an important trading centre during the Roman and Viking ages, and there is archaeological evidence of settlement in the area as early as the Bronze Age. The first town charters were granted in the 12th century, although modern city status was not officially conferred until 1951.
The town was built on the banks of the river Granta, which was only later renamed the Cam in honour of the town that had grown up around it. Originally, the river was called the Granta, so consequently Cambridge was first called ‘’Granta Brygg’, it did not become Cambridge until much later.
- Cambridge was founded to be the capital of Massachusetts. In 1630, the leaders of several Massachusetts Bay settlements could not agree which should be the capital.
- The village of Newtowne was the first in New England laid out on a grid plan, with straight streets meeting at right angles. Today these grid streets are John F. Kennedy and Dunster streets running north-south, and Mt.
- Harvard was our consolation prize. In 1634 the Governor and his assistants moved the capital to Boston, eliminating the entire rationale for Newtowne's existence.
- George Washington slept here, but the Washington Elm is only a tree. General Washington arrived in Cambridge as leader of the American Army on July 2, 1775, and took up residence in an abandoned Tory home that is now the Longfellow House - Washington’s Headquarters National Historic Site.
May 22, 2024 · Cambridge is essentially a town that has originated from the two bridgeheads that guarded the crossing of the Cam by the Roman Road—the Hadstock or Huntingdon Way of the Middle Ages: what has recently been described as the 'spine' of the town. (fn. 1) The ground plan of its nucleus is based on the junction with this road, just south of the bridg...
Mar 22, 2024 · The Cambridge capital controversy is a pivotal debate in the history of economics, primarily between economists from the University of Cambridge, England, and those from Cambridge, Massachusetts, particularly from the Massachusetts Institute of Technology (MIT).
