This volume investigates the historical and theoretical dimensions of the Cambridge Capital Controversy and its enduring implications for Post Keynesian economic theory. The authors, Philip Arestis, Gabriel Palma, and Malcolm Sawyer, utilize their expertise in heterodox economics to re-examine the debate between the two Cambridges. They argue that the failure to resolve the controversy regarding the measurement of capital has significant consequences for the development of modern macroeconomic models and the understanding of distribution and growth.

Experts recognize this text as a rigorous contribution to the history of economic thought, particularly for those interested in heterodox critiques of mainstream theory. Readers frequently note the academic density of the prose, which assumes a foundational knowledge of macroeconomic theory and capital measurement issues.