Theories of Value from Adam Smith to Piero Sraffa

Released on by Ajit Sinha
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  • Theories of Value from Adam Smith to Piero Sraffa Book Detail

  • Author : Ajit Sinha
  • Release Date : 2018-08-06
  • Publisher : Taylor & Francis
  • Genre : Business & Economics
  • Pages : 372
  • ISBN 13 : 0429807724
  • File Size : 37,37 MB
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Theories of Value from Adam Smith to Piero Sraffa by Ajit Sinha PDF Summary

Book Description: This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical classics — Adam Smith’s Wealth of Nations, David Ricardo’s Principles of Political Economy, Karl Marx’s Capital and Piero Sraffa’s Production of Commodities by Means of Commodities. The book highlights several significant differences in the widely celebrated theories of the four authors as it searches for the ‘classical standpoint’ that separates them from the ‘moderns’. It also challenges canonical interpretations to analyse their flaws and weaknesses, in addition to the already obvious strengths, and critically engages with the major alternative interpretations and criticisms of the theories. With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.

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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'