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A Revolution In Economic Theory - ENG

The Economics Of Piero Sraffa

eBook

$2,380.00
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ISBN: 9783319306162
Formato: ePub
Idioma: Inglés
Editorial: Springer Nature
Tema: Negocios y economía
Subtema: Historia económica
Año de publicación: 2016-08-18

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. Sraffas 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 agents subjectivity and marginal method or counterfactual reasoning from economic analysis – the two fundamental pillars of orthodox economic theory.

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