A Revolution in Economic Theory

The Economics of Piero Sraffa

Business & Finance, Economics, Economic History
Cover of the book A Revolution in Economic Theory by Ajit Sinha, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ajit Sinha ISBN: 9783319306162
Publisher: Springer International Publishing Publication: August 18, 2016
Imprint: Palgrave Macmillan Language: English
Author: Ajit Sinha
ISBN: 9783319306162
Publisher: Springer International Publishing
Publication: August 18, 2016
Imprint: Palgrave Macmillan
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer International Publishing

Cover of the book Diffusive Spreading in Nature, Technology and Society by Ajit Sinha
Cover of the book Damping Optimization in Simplified and Realistic Disc Brakes by Ajit Sinha
Cover of the book Basic Principles of Topography by Ajit Sinha
Cover of the book The Politics of Securitization in Democratic Indonesia by Ajit Sinha
Cover of the book Land Use Changes in the Czech Republic 1845–2010 by Ajit Sinha
Cover of the book Quince Duncan's Weathered Men and The Four Mirrors by Ajit Sinha
Cover of the book Kelsenian Legal Science and the Nature of Law by Ajit Sinha
Cover of the book Applications of Chaos and Nonlinear Dynamics in Science and Engineering - Vol. 4 by Ajit Sinha
Cover of the book British Policy-Making and the Need for a Post-Brexit Policy Style by Ajit Sinha
Cover of the book Stress Echocardiography by Ajit Sinha
Cover of the book Developing Sustainable Careers Across the Lifespan by Ajit Sinha
Cover of the book Entrepreneurial, Innovative and Sustainable Ecosystems by Ajit Sinha
Cover of the book Critical Phenomena in Loop Models by Ajit Sinha
Cover of the book A Critical Review of Scottish Renewable and Low Carbon Energy Policy by Ajit Sinha
Cover of the book Visible and Invisible Whiteness by Ajit Sinha
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy