From ‘change’ to ‘difference’: Sraffa’s reinterpretation of classical economics

Sinha, Ajit (2019) From ‘change’ to ‘difference’: Sraffa’s reinterpretation of classical economics. In: Pluralistic Economics and Its History. Routledge India, London, pp. 41-54. ISBN 9780429278860

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Abstract

This chapter examines how the search for an invariable scale to measure commodity values or national income became intertwined with debates on the ultimate cause of value in classical economics. It contrasts Adam Smith’s concern with measuring real changes in national income with David Ricardo’s emphasis on labour as the determinant of value. It further discusses Sraffa’s reinterpretation, which dissociates classical economics from the notion of an ultimate cause of value through the concept of an ‘average commodity’, demonstrating how value and distribution can be analyzed independently.

Item Type:	Book Section
Authors:	Sinha, Ajit
Editors:	Editors Email ORCID Sinha, Ajit UNSPECIFIED UNSPECIFIED Thomas, Alex M. alex.thomas@apu.edu.in https://orcid.org/0000-0003-3619-8365
Document Language:	Language English
Subjects:	Social sciences > Economics Social sciences > Economics > Production Social sciences > Economics > Macroeconomics & related topics
Divisions:	Azim Premji University - Bengaluru > School of Public Policy and Governance
Full Text Status:	None
Related URLs:	Library OPAC
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/7479
Publisher URL:	https://www.taylorfrancis.com/chapters/edit/10.432...

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