Theories of Value from Adam Smith to Piero Sraffa
Ajit Sinha, "Theories of Value from Adam Smith to Piero Sraffa"
English | 2010 | ISBN: 0415563208 | PDF | pages: 377 | 1.5 mb
English | 2010 | ISBN: 0415563208 | PDF | pages: 377 | 1.5 mb
This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical, classics, viz., Adam Smith€™s Wealth of Nations, David Ricardo€™s Principles of Political Economy, Karl Marx€™s Capital and Piero Sraffa€™s Production of Commodities by Means of Commodities. The book highlights several significant differences in the theories of the four authors as it searches for the €˜classical standpoint€™ that separates them from the €˜moderns€™. It throws fresh light on some old questions while introducing new, controversial interpretations in the literature surrounding it. It is unique in its organisation as it first presents the author€™s close reading of the theories of value and distribution in the four classics and then critically engages with the major alternative interpretations and criticisms.