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Palgrave Macmillan
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Essays on Theories of Value in the Classical Tradition

  • Book
  • © 2019

Overview

  • Brings together a collection of Ajit Sinha's essays from the past twenty years
  • Charts the author's intellectual journey through Marxian Sraffan economics
  • Offers a historical perspective on the development of economic thought

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Keywords

  • Classical economics
  • Value theory
  • Adam Smith
  • David Ricardo
  • Karl Marx
  • Piero Sraffa
  • Invariable Measure of Value
  • Wittgenstein
  • Descriptive theory
  • No-causal theory
  • Classical political economy
  • Classical value theory
  • Classical economical theory
  • Marxian economics
  • Notion of Centre of Gravitation

About this book

“This volume revisits the foundations of classical political economy and outlines on that basis a new research paradigm. Ajit Sinha presents an extremely ambitious and challenging work that opens new and invaluable vistas on classical economic theory and economics at large.”

Roberto Scazzieri, Professor of Economic Analysis, University of Bologna and National Lincei Academy, Italy.


“For a quarter of a century Ajit Sinha has worked on the classical theory of value, reinterpreting Adam Smith, David Ricardo and Karl Marx in terms of his own original, and often contested, interpretation of Piero Sraffa. This fascinating volume brings together several of Sinha's most perceptive and most contentious papers. Always scholarly, stimulating and provocative, it is essential reading for anyone with an interest in classical value theory.”

John King, Emeritus Professor, La Trobe University, Australia.


This collection of essays invites the reader to trace the intellectual journey of the author from his early incisive exploration and critique of key categories in Marxian economics, through his insights into classical economic theory, culminating in his pioneering and definitive reading of the economics of Sraffa. Where the author’s position has significantly changed he provides notations and explanations, and the addition of two new chapters written especially for this volume complete the scholarly journey. Following three decades worth of study, this book brings together a set of important contributions that not only give historical perspective but makes them convenient and accessible for students and researchers today.



Authors and Affiliations

  • Azim Premji University, Bangalore, India

    Ajit Sinha

About the author

Ajit Sinha is Professor at Azim Premji University, Bangalore, India. He has published extensively in the area of history of economic theory. His first book, Theories of Value from Adam Smith to Piero Sraffa, was published in 2010 by Routledge. This latest volume succeeds his most recent and highly regarded book, A Revolution in Economic Theory: The Economics of Piero Sraffa (Palgrave Macmillan, 2016).

Bibliographic Information

  • Book Title: Essays on Theories of Value in the Classical Tradition

  • Authors: Ajit Sinha

  • Publisher: Palgrave Macmillan Cham

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2019

  • Hardcover ISBN: 978-3-030-02320-1Published: 17 January 2019

  • Edition Number: 1

  • Number of Pages: XIX, 431

  • Number of Illustrations: 7 b/w illustrations

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