Cambridge as a Place in Economics

In a letter to John Neville Keynes, in an attempt to persuade him to decline the offer of a chair in Oxford and to remain in Cambridge, Hubert Fox-well wrote in 1888: “It is much better that a study should be concentrated in a particular place. There arise many of these same advantages as in the locali sation of an industry ” (Harrod 1951, 9). In this article we propose to amplify this remark by investigating the nature and importance of Cambridge as a place in economics. Here we concentrate our analysis on the post-Marshall era, being of course mindful that prior to that era the term Cambridge school is synonymous with Marshall’s economics and endeavors. Cambridge capital controversy, Cambridge monetary theory of busi-ness cycle, Cambridge equation as a version of the quantitative theory of money—the geographical reference often crops up in the characterization of the economic theories and approaches that developed in Cambridge