A Revolution in Economic Theory: The Economics of Piero - download pdf or read online

By Ajit Sinha

ISBN-10: 3319306154

ISBN-13: 9783319306155

This publication attracts at the paintings of 1 of the sharpest minds of the twentieth century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the such a lot consequential rules' of the Philosophical Investigations (1953) and placed him excessive on his brief record of geniuses. Sraffa's innovative contribution to economics used to be, in spite of the fact that, misplaced to the area simply because economists didn't concentrate on the philosophical underpinnings of his economics. in keeping with exhaustive archival examine, Sinha provides a thrilling new thesis that exhibits how Sraffa challenged the standard mode of theorizing by way of crucial and mechanical causation and, as an alternative, argued for a descriptive or geometrical idea according to simultaneous relatives. A final result of this strategy used to be an entire removing of 'agent's subjectivity' and 'marginal approach' or counterfactual reasoning from fiscal analysis – the primary pillars of orthodox financial theory.

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A Revolution in Economic Theory: The Economics of Piero Sraffa by Ajit Sinha

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