Business & Economics Books:

A Revolution in Economic Theory

The Economics of Piero Sraffa
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Paperback / softback
$344.00
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Description

This book draws on the work of one of the sharpest minds of the 20th century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the most consequential ideas' of the Philosophical Investigations (1953) and put him high on his short list of geniuses. Sraffa's revolutionary contribution to economics was, however, lost to the world because economists did not pay attention to the philosophical underpinnings of his economics. Based on exhaustive archival research, Sinha presents an exciting new thesis that shows how Sraffa challenged the usual mode of theorizing in terms of essential and mechanical causation and, instead, argued for a descriptive or geometrical theory based on simultaneous relations. A consequence of this approach was a complete removal of 'agent's subjectivity' and 'marginal method' or counterfactual reasoning from economic analysis – the two fundamental pillars of orthodox economic theory.

Author Biography:

Ajit Sinha is Professor at Azim Premji University, Bangalore. He has published extensively in the area of history of economic theory. His first book, Theories of Value from Adam Smith to Piero Sraffa, was published in 2010 by Routledge.
Release date NZ
June 9th, 2018
Author
Audience
  • Professional & Vocational
Edition
Softcover reprint of the original 1st ed. 2016
Illustrations
1 Illustrations, black and white; XVII, 244 p. 1 illus.
Pages
244
ISBN-13
9783319808512
Product ID
28359729

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