A Revolution in Economic Theory: The Economics of Piero Sraffa by Ajit Sinha

A Revolution in Economic Theory: The Economics of Piero Sraffa

byAjit Sinha

Kobo ebook | August 18, 2016

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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' 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.

Title:A Revolution in Economic Theory: The Economics of Piero SraffaFormat:Kobo ebookPublished:August 18, 2016Publisher:Springer International PublishingLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3319306162

ISBN - 13:9783319306162

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