By Ajit Sinha
This ebook offers a accomplished account of greater than 2 hundred years of controversy at the classical theories of worth and distribution. the writer makes a speciality of 4, probably most important, 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 through Commodities. The ebook highlights numerous major variations within the theories of the 4 authors because it searches for the ‘classical perspective’ that separates them from the ‘moderns’. It throws clean gentle on a few previous questions whereas introducing new, arguable interpretations within the literature surrounding it. it really is distinctive in its corporation because it first offers the author’s shut interpreting of the theories of price and distribution within the 4 classics after which severely engages with the most important substitute interpretations and criticisms of the theories mentioned therein.
Bringing unique insights on theoretical positions, the publication demanding situations canonical interpretations which will speak about and examine the failings and weaknesses, as well as the already noticeable strengths, of broadly celebrated theories. The theories mentioned right here emerge from questions like: what function does call for or human psychology play within the decision of price in classical concept? Do classical economists be sure the distribution of source of revenue in the context of a idea of costs and source allocation? What position does the idea of ‘equilibrium’ play in classical conception and the speculation of Sraffa?
It will attract teachers and scholars of monetary thought and philosophy, in addition to to the overall reader.
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