Theories Of Value From Adam Smith To Piero Sraffa

Author : Ajit Sinha
Publisher : Taylor & Francis
ISBN 13 : 0429807724
Total Pages : 372 pages
Book Rating : 4.25/5 ( download)

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Download or read book Theories of Value from Adam Smith to Piero Sraffa written by Ajit Sinha and published by Taylor & Francis. This book was released on 2018-08-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Ajit Sinha
Publisher : Springer
ISBN 13 : 3319306162
Total Pages : 244 pages
Book Rating : 4.62/5 ( download)

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Download or read book A Revolution in Economic Theory written by Ajit Sinha and published by Springer. This book was released on 2016-08-18 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Maurice Dobb
Publisher : Cambridge University Press
ISBN 13 : 9780521099363
Total Pages : 308 pages
Book Rating : 4.66/5 ( download)

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Download or read book Theories of Value and Distribution Since Adam Smith written by Maurice Dobb and published by Cambridge University Press. This book was released on 1975-04-17 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mr Dobb examines the history of economic thought in the light of the modern controversy over capital theory and, more particularly, the appearance of Sraffa's book The Production of Commodities by Means of Commodities, which was a watershed in the critical discussions constituted a crucial turning-point in the history of economics: an estimate not unconnected with his reinterpretation of nineteenth-century economic thought as consisting of two streams or traditions commonly confused under the generic title of 'the classical tradition' against which Jevons so strongly reacted.

Author : Ajit Sinha
Publisher : Palgrave Macmillan
ISBN 13 : 9783030023201
Total Pages : 0 pages
Book Rating : 4.06/5 ( download)

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Download or read book Essays on Theories of Value in the Classical Tradition written by Ajit Sinha and published by Palgrave Macmillan. This book was released on 2019-01-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: “This volume revisits the foundations of classical political economy and outlines on that basis a new research paradigm. Ajit Sinha presents an extremely ambitious and challenging work that opens new and invaluable vistas on classical economic theory and economics at large.” Roberto Scazzieri, Professor of Economic Analysis, University of Bologna and National Lincei Academy, Italy. “For a quarter of a century Ajit Sinha has worked on the classical theory of value, reinterpreting Adam Smith, David Ricardo and Karl Marx in terms of his own original, and often contested, interpretation of Piero Sraffa. This fascinating volume brings together several of Sinha's most perceptive and most contentious papers. Always scholarly, stimulating and provocative, it is essential reading for anyone with an interest in classical value theory.” John King, Emeritus Professor, La Trobe University, Australia. This collection of essays invites the reader to trace the intellectual journey of the author from his early incisive exploration and critique of key categories in Marxian economics, through his insights into classical economic theory, culminating in his pioneering and definitive reading of the economics of Sraffa. Where the author’s position has significantly changed he provides notations and explanations, and the addition of two new chapters written especially for this volume complete the scholarly journey. Following three decades worth of study, this book brings together a set of important contributions that not only give historical perspective but makes them convenient and accessible for students and researchers today.

Author : Krishna Bharadwaj
Publisher : Routledge
ISBN 13 : 1315386925
Total Pages : 628 pages
Book Rating : 4.28/5 ( download)

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Download or read book Essays on Piero Sraffa written by Krishna Bharadwaj and published by Routledge. This book was released on 2017-02-03 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers collected in this book, first published in 1990, represent the edited proceedings of a conference held to celebrate the 25th anniversary of the publication of Piero Sraffa’s Production of Commodities by Means of Commodities. In arranging the conference, and subsequently during the editing of the papers, great care has been taken to invite scholars of different schools of thought to contribute. The result of this collection of ideas has resulted in a most promising critique and provides an extensive alternative to modern Neo-Classical theory, of interest to all students of economic thought.

Author : Ajit Sinha
Publisher : Springer Nature
ISBN 13 : 303047206X
Total Pages : 611 pages
Book Rating : 4.61/5 ( download)

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Download or read book A Reflection on Sraffa’s Revolution in Economic Theory written by Ajit Sinha and published by Springer Nature. This book was released on 2021-06-02 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Jeffrey T Young
Publisher : Westview Press
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.59/5 ( download)

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Download or read book Classical Theories Of Value written by Jeffrey T Young and published by Westview Press. This book was released on 1978-12-10 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Robert Michael Larsen
Publisher :
ISBN 13 :
Total Pages : 496 pages
Book Rating : 4.30/5 ( download)

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Download or read book Adam Smith's Theory of Value and Distribution written by Robert Michael Larsen and published by . This book was released on 1976 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Rory O'Donnell
Publisher : Springer
ISBN 13 : 1349109088
Total Pages : 288 pages
Book Rating : 4.81/5 ( download)

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Download or read book Adam Smith’s Theory of Value and Distribution written by Rory O'Donnell and published by Springer. This book was released on 2016-02-05 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the value and distribution debates on the theories of Adam Smith. A variety of the aspects of his work are covered in this book such as his labour command measure, as are a number of interpretations and criticisms.

Author : Jeffrey T. Young
Publisher : Taylor & Francis
ISBN 13 : 1003831389
Total Pages : 253 pages
Book Rating : 4.89/5 ( download)

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Download or read book Adam Smith’s Theory of Value and Distribution written by Jeffrey T. Young and published by Taylor & Francis. This book was released on 2023-12-12 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the time of his early interpreters, beginning with David Hume, Adam Smith’s theory of value has been the subject of confusion and misunderstanding – including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it throughout Wealth of Nations, or if it was confined to the “Early and Rude State”? This book provides a close reading of Smith’s key text, and also incorporates material from the other parts of Smith’s oeuvre, especially from The Theory of Moral Sentiments, to yield original and important insights into Smith’s theory of value. The book operates on the assumption that Smith is proposing relatively simple ideas about price and takes a conventional view that simple Supply and Demand models can illuminate, clearly and consistently with his text, his theory of price. Combining these elements, the book argues that, contra Marx, Smith does not have a labour theory of value at all, understood as a theory of the determination of the relative price structure. Instead, Smith is placed squarely in the supply and demand, general equilibrium framework and the claim that he is part of a “surplus tradition”, which receives its highest treatment in the work of Piero Sraffa, is refuted. This book will be of particular interest to Adam Smith specialists, historians of economic thought, and research economists who have an interest in Smith.