ABSTRACT
Efforts to generalize the General Theory led not only to Joan Robinson's largest book, The Accumulation of Capital, but also to a new controversy in capital theory. The newest controversy began in the 1950s. Harcourt named it the Cambridge controversy because economists at Cambridge University and at The Massachusetts Institute of Technology were the leading figures. The capital controversy was not altogether a new dispute as far as Joan Robinson was concerned. She had long quarreled with what she now called neoclassical economics. Joan Robinson's part in the capital controversy was punctuated with exchanges with Americans she identified as "bastard Keynesians." Her first published reference to bastard Keynesianism occurred in her review of Harry Johnson's Money, Trade and Economic Growth in 1962. Joan Robinson had clearly earned her right to speak on the issue of inflation which might result from efforts to maintain economic growth and employment levels.
