Titlebook: Cambridge and the Monetary Theory of Production; The Collapse of Mars Robert J. Bigg Book 1990 Palgrave Macmillan, a division of Macmillan

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Book 1990nd Hawtrey had built on the foundations of Marshall and Pigou to produce theories of adaptive behaviour which acknowledged that the invisible hand could fail in the short run. This established a conflict with the long run theory of market clearing equilibrium which, though it could be ignored at first, had finally to be resolved.