CE Ferguson : Life and Works 0 The Life and Works of C . E . Ferguson 1
نویسنده
چکیده
Please note that this is strictly an unfinished working draft and the entire project is definitely a work very much in progress. The reader will find whole sections unfinished with lists of relevant literature only and as such is implored to please accept the author's apologies for the unfinished nature of this initial draft. (As such do not quote without permission). grant which made the research possible. All errors and interpretations are my own responsibility. 1 This essay is intended as an intellectual excursion into the life and works of a relatively minor 2 neoclassical writer whose presence was felt during the tumultuous period of the 1960's and into the early 1970's, Charles Elmo (C.E.) Ferguson (" Charlie " to those who knew him). 3 C.E. Ferguson lived a short but productive life, having died at age 43 in January 1972 with over 50 articles published in over 17 different journals both US and European 4 , three separate texts that ran into several editions (two well after his death), and two books. It is significant that both the years in which he worked and the year in which he died have been explicitly identified in the opening sentence, for Ferguson's professional life (even past his death) was intimately connected with the turmoil and controversy that raged in economic theory in that period, especially over the Cambridge controversies in capital theory. Ferguson is famously – or infamously depending on the perspective – known for his comment in the Preface his 1969 opus The Neoclassical Theory of Production and Distribution (hereafter referred to as NTPD and/or Ferguson 1969a) that belief in neoclassical (aggregate) production and distribution theory is a " matter of faith " to be sorted out (he says " answered ") by the econometricians. Neoclassical economists of the day perhaps could not help but flinch at the ridicule heaped on Ferguson by the so-called Cambridge critics 5 for that remark, some of whom had a field day with the religious metaphor Ferguson himself subsequently called it " that ill-begotten clause " , Ferguson 1971, pg. 250). Indeed the present writer has always found it very curious that neither the American Economic Review nor more surprisingly the Southern Economic Journal ever made a review of Ferguson's 1969 book. Was there perhaps a distancing of sorts among neoclassical economists with such strong statements? This is a question with which we consider …
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