Read e-book online A Revolution in Economic Theory: The Economics of Piero PDF

By Ajit Sinha

ISBN-10: 3319306154

ISBN-13: 9783319306155

This ebook attracts at the paintings of 1 of the sharpest minds of the twentieth century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the so much 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, notwithstanding, misplaced to the area simply because economists didn't concentrate on the philosophical underpinnings of his economics. in response to exhaustive archival learn, Sinha offers a thrilling new thesis that exhibits how Sraffa challenged the standard mode of theorizing when it comes to crucial and mechanical causation and, in its place, argued for a descriptive or geometrical idea in keeping with simultaneous kin. A final result of this process was once a whole removing of 'agent's subjectivity' and 'marginal technique' or counterfactual reasoning from financial analysis – the basic pillars of orthodox fiscal theory.

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

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