A Reflection on Sraffa’s Revolution in Economic Theory 1st Edition by Ajit Sinha ISBN 3030472051 978-3030472054

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ISBN 10: 3030472051

ISBN 13: 978-3030472054

Author: Ajit Sinha

This book presents a substantial collection of essays from a wide range of well respected scholars addressing several aspects of Piero Sraffa’s economics in light of continuing controversies over the interpretation that should be placed on his work. It moves beyond extant scholarship with an added emphasis on the philosophical dimension of Sraffa’s seminal work, Production of Commodities by Means of Commodities. Contributors probe new ways of thinking about the political economy of Sraffa and in doing so, alongside the comments to each contribution by other scholars, provide a cutting edge debate and discussion on non-mainstream economic theory.

This book will be of interest to academics and advanced graduate students in economics, with additional interest from scholars in philosophy and the methodology of science.

A Reflection on Sraffa’s Revolution in Economic Theory 1st Table of contents: 

Preface

• Introduction to Sraffa’s Influence
• Overview of the Book’s Structure
• Purpose and Scope of the Reflection

Chapter 1: Sraffa’s Intellectual Background

• Early Influences on Sraffa’s Thinking
• Sraffa and the Classical Tradition: Ricardo and Marx
• Sraffa’s Break with Neoclassical Economics

Chapter 2: The Production of Commodities by Means of Commodities

• The Key Ideas of Production of Commodities
• A Critique of Marginalist Value Theory
• The Role of the Surplus and the Technique of Production

Chapter 3: Sraffa’s Critique of the Neoclassical Theory of Distribution

• The Marginalist Approach to Income Distribution
• Sraffa’s Reinterpretation of Capital and Profits
• The Role of the Standard Commodity

Chapter 4: The Concept of the Standard Commodity

• Sraffa’s Theory of Prices
• The Standard Commodity and Its Implications
• The Relationship Between Prices and Physical Quantities of Commodities

Chapter 5: The Structure of Capital and the Theory of Value

• Capital as a Social Relation, Not Just a Physical Entity
• The Transformation Problem and Its Relevance to Sraffa’s Work
• The Long-Run Theory of Value and Prices

Chapter 6: Sraffa and the Debate on the Production of Knowledge

• The Philosophical Implications of Sraffa’s Work
• The Role of Knowledge in the Process of Economic Development
• Sraffa’s Contribution to the History of Economic Thought

Chapter 7: The Sraffian Revolution and Its Impact on Modern Economic Theory

• Sraffa’s Influence on Post-Keynesian Economics
• The Revival of Classical Political Economy
• Sraffa’s Legacy in Economic and Philosophical Discourse

Chapter 8: Criticisms and Debates on Sraffa’s Framework

• Major Criticisms of Sraffa’s Approach
• Debates on Sraffa’s Contribution to Marxian Economics
• Responses and Counterarguments to Criticisms

Chapter 9: Sraffa’s Continuing Relevance in Contemporary Economics

• The Relevance of Sraffa’s Insights in the Context of Global Capitalism
• The Application of Sraffa’s Theory to Real-World Economic Issues
• Prospects for Further Research and Development of Sraffa’s Ideas

Chapter 10: Conclusion: The Enduring Legacy of Sraffa’s Revolution

• Summary of Sraffa’s Main Contributions
• Reflections on the Future of Economic Theory in Light of Sraffa’s Work
• Concluding Thoughts on the Impact of Sraffa’s Ideas

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Appendices

• A. Key Concepts in Sraffa’s Work: A Glossary
• B. Suggested Readings and Resources
• C. Summary of Sraffa’s Major Works

References

Index

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