A Reflection on Sraffa's Revolution in Economic Theory

by Ajit Sinha (Editor)

Overview

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.

Product Details

ISBN-13:	9783030472061
Publisher:	Palgrave Macmillan
Publication date:	06/02/2021
Series:	Palgrave Studies in the History of Economic Thought
Sold by:	Barnes & Noble
Format:	eBook
File size:	3 MB

About the Author

Ajit Sinha is Professor at Thapar School of Liberal Arts and Sciences, Patiala, India. He has published extensively in the area of history of economic theory. His previously published work includes Theories of Value from Adam Smith to Piero Sraffa, A Revolution in Economic Theory: The Economics of Piero Sraffa (Palgrave Macmillan, 2016) and Essays on Theories of Value in the Classical Tradition (Palgrave Macmillan, 2019).

Table of Contents

1. Interpreting the Nature of Sraffa’s Equations: A Critique of Garegnani’s Interpretation.- 2. On Sraffa’s Structuralism.- 3. On Sraffa’s Challenge to Causality in Economics.- 4. The Meaning of Sraffa Prices.- 5. ‘Openness’ as a Methodological Principle of Sraffa’s Economic Thinking.- 6. Sraffa and Manara: The Mystery of the Last Article of Piero Sraffa.- 7. Sraffa and Wittgenstein.- 8. Sraffa Versus Keynes on the Method of Economics: Measurement, Homogeneity and Independence.- 9. The Role of Sraffa Prices in Post-Keynesian Pricing Theory.- 10. Garegnani’s Surplus Equation and Marx’s Falling Rate of Profits.- 11. Sraffa’s Silenced Revival of the Classical Economists and of Marx.- 12. From Multipliers to the Distribution of Income: Connecting Leontief and Sraffa.- 13. Definitions, Assumptions, Propositions and Proofs in Sraffa’s PCMC.- 14. Sraffa’s Monetary Writings, Objectivism and the Cambridge Tradition.- 15. Sraffa, Money and Distribution.- 16. From Ricardo to Sraffa: A Quest for a Modern Classical Standpoint on Money.- 17. Sraffa and the Revenue of the Owner of Non-Renewable Natural Resources: A Note on the Literature.- 18. Antonio Gramsci’s Letters that Piero Sraffa did not Forward to the Italian Communist Party.