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Theories of Value from Adam Smith to Piero Sraffa

By: (Author) Ajit Sinha

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Ksh 7,700.00

Format: Paperback / Softback

ISBN-10: 0367787016

ISBN-13: 9780367787011

Edition Number: 2

Publisher: Taylor & Francis Ltd

Imprint: Routledge India

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Mar 31st, 2021

Print length: 372 Pages

Weight: 484 grams

Dimensions (height x width x thickness): 13.90 x 21.70 x 2.50 cms

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This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.

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 — 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 widely celebrated theories of the four authors as it searches for the ‘classical standpoint’ that separates them from the ‘moderns’. It also challenges canonical interpretations to analyse their flaws and weaknesses, in addition to the already obvious strengths, and critically engages with the major alternative interpretations and criticisms of the theories.



With a new Afterword that follows up on the debates and developments since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.


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