Download e-book for iPad: A Revolution in Economic Theory: The Economics of Piero by Ajit Sinha

Download e-book for iPad: A Revolution in Economic Theory: The Economics of Piero by Ajit Sinha

By Ajit Sinha

This booklet attracts at the paintings of 1 of the sharpest minds of the 20 th century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the so much consequential principles' of the Philosophical Investigations (1953) and placed him excessive on his brief checklist of geniuses. Sraffa's progressive contribution to economics used to be, even though, misplaced to the area simply because economists didn't be aware of the philosophical underpinnings of his economics. according to exhaustive archival study, Sinha provides an exhilarating new thesis that indicates how Sraffa challenged the standard mode of theorizing by way of crucial and mechanical causation and, as a substitute, argued for a descriptive or geometrical thought in line with simultaneous kinfolk. A outcome of this technique was once an entire removing of 'agent's subjectivity' and 'marginal approach' or counterfactual reasoning from financial analysis – the basic pillars of orthodox monetary theory.

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


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