A Reflection on Sraffa’s Revolution in Economic Theory

A Reflection on Sraffa’s Revolution in Economic Theory

Author: Ajit Sinha

Publisher: Springer Nature

Published: 2021-06-02

Total Pages: 611

ISBN-13: 303047206X

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This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.


A Revolution in Economic Theory

A Revolution in Economic Theory

Author: Ajit Sinha

Publisher: Springer

Published: 2016-08-18

Total Pages: 255

ISBN-13: 3319306162

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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.


A Reflection on Sraffa's Revolution in Economic Theory

A Reflection on Sraffa's Revolution in Economic Theory

Author: Ajit Sinha

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9783030472078

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This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa's economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa's seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory. This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.


The Age of Fragmentation

The Age of Fragmentation

Author: Alessandro Roncaglia

Publisher: Cambridge University Press

Published: 2019-12-05

Total Pages: 453

ISBN-13: 1108478441

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A wide-ranging historical account and critical analysis of the global development of economics from 1940 to the present day.


Contributions to Modern Economics

Contributions to Modern Economics

Author: Joan Robinson

Publisher: Academic Press

Published: 2014-05-10

Total Pages: 297

ISBN-13: 1483263231

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Contributions to Modern Economics includes contributions to two great intellectual upheavals in economic theory: the Keynesian Revolution and the revival of the classical theory of profits led by Piero Sraffa. The formation of prices in capitalist and socialist economies and of international trade is also discussed. The evolution of these ideas is linked to the personal and historical events that influenced them. Comprised of 24 chapters, this book begins by describing the second crisis of economic theory, which is related to the first crisis — the great slump of the 1930s. The reader is then introduced to the theory of money and the analysis of output; obstacles to full employment; and the concept of hoarding. Subsequent chapters explore capital, profits, and prices, with emphasis on the theory of capital, imperfect competition, and the theory of value. International trade, capitalism, and beggar-my-neighbor remedies for unemployment are also examined. This monograph should be of interest to economists.


Sraffian Economics

Sraffian Economics

Author: Ian Steedman

Publisher:

Published: 1988

Total Pages: 408

ISBN-13:

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This is part of a two-volume set, the price for which is #149.95.


Classical Economics, Keynes and Money

Classical Economics, Keynes and Money

Author: John Eatwell

Publisher: Taylor & Francis

Published: 2022-07-29

Total Pages: 348

ISBN-13: 1000605914

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Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance. Structured in four parts, the work considers issues within classical economics, monetary economics, Keynesian and post-Keynesian Economics, rationality and economic methodology. These themes are all central to the work of Carlo Panico, and the chapters both reflect on and build on his key contributions to the field. This collection is of interest to advanced students and researchers in the history of economic thought, monetary theory, financial economics and heterodox economics.


Piero Sraffa's Political Economy

Piero Sraffa's Political Economy

Author: Terenzio Cozzi

Publisher: Routledge

Published: 2000-11-23

Total Pages: 817

ISBN-13: 1134592167

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A century after his birth, this volume presents a re-assessment of the life and work of Piero Sraffa, one of the great economists of the twentieth century. From his anti-Marshallian articles of 1925 and 1926 to his classic work on the theory of capital, Production of Commodities by Means of Commodities, Sraffa's contribution to the study of economi


Keynesian, Sraffian, Computable and Dynamic Economics

Keynesian, Sraffian, Computable and Dynamic Economics

Author: Kumaraswamy Velupillai

Publisher: Springer Nature

Published: 2021-03-08

Total Pages: 447

ISBN-13: 3030581314

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This book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered. This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.


Heterodox Challenges in Economics

Heterodox Challenges in Economics

Author: Sergio Cesaratto

Publisher: Springer Nature

Published: 2020-11-12

Total Pages: 286

ISBN-13: 3030544486

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This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neo-classical theory. The book underscores and critically assesses the analytical inconsistencies of European economic policy and the conservative nature of the current European governance. In this light, it examines the political obstacles to proposals to reform the European monetary union, as well as those originating in the neo-mercantilist German model. Given its scope and format, the book offers a valuable asset for researchers and members of the general public alike.