Is There a Cambridge Approach to Economics?

In this paper I argue that “the Cambridge approach to economics” is not as cohesive and a fully-fledged system of thought, but rather a legacy with many threads. Several aspects of method, “style” and content of the economics associated with the Cambridge tradition, whose imprinting is to be traced to Marshall, make it well recognizable, when compared with the so called “mainstream” economics and other schools of thought. The “style” aspect of the Cambridge economists as a group lies in the communication—written and oral—that led to very close forms of interaction, not devoid of diversity and dissent; in the physical and temporal closeness, helped in part by relatively unconventional lifestyles upon which profound personal ties were threaded and woven. I will investigate the features of this approach under the headings of divergences, differences, and communalities.