A Revolution in Economic Theory The Economics of Piero Sraffa
'Drawing extensively on Sraffa's Cambridge archives, particularly his unpublished notes, Ajit Sinha reveals Sraffa's struggle – philosophical, methodological and technical – on the road towards the brief formulation in Production of Commodities
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Ajit Sinha
A Revolution in Economic Theory
Ajit Sinha
A Revolution in Economic Theory The Economics of Piero Sraffa
Ajit Sinha Azim Premji University India
ISBN 978-3-319-30615-5 ISBN 978-3-319-30616-2 DOI 10.1007/978-3-319-30616-2
(eBook)
Library of Congress Control Number: 2016947370 © The Editor(s) (if applicable) and The Author(s) 2016 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: © PhotoAlto / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
For Alice The joy of my life
Foreword
For many years now, Ajit Sinha has been writing on the nature and significance of Piero Sraffa’s approach and contributions to economic theory. He began by formulating his interpretations on what was available in the public domain—in Sraffa’s case, these were relatively thin pickings as far as quantity but not quality was concerned—and then by exhaustive archival research once the Sraffa Papers at Trinity College, Cambridge, were eventually opened to scholars. The result of these labours is this present book which is a mature coming to fruition of many years of deep musing. Most importantly, Sinha perceived that Sraffa’s approach to economic theory could not be understood unless you realised that Sraffa’s philosophy and economics were indissolubly mixed, that Sraffa was as much a genius as a philosopher, as he was a critical yet constructive economist. The result is an historical analytical account of the nature of Sraffa’s ideas and their significance for pure economic theory. Sinha has a fine understanding of the history of our subject and of Sraffa’s absorption of it from his undergraduate days on. All these strands come together in A Revolution in Economic Theory. Sinha’s thesis is already a highly controversial take on the approach and the contributions of one of the greatest scholars of the twentie
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