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A Revolution in Economic Theory

The Economics of Piero Sraffa

Produktform: E-Buch Text Elektronisches Buch in proprietärem

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  (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. weiterlesen

Elektronisches Format: PDF

Sprache(n): Englisch

ISBN: 978-3-319-30616-2 / 978-3319306162 / 9783319306162

Verlag: Springer International Publishing

Erscheinungsdatum: 18.08.2016

Seiten: 244

Autor(en): Ajit Sinha

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