This book draws on the work of one of the sharpest minds of the
20th century, Piero Sraffa. Ludwig Wittgenstein credited him for
'the most consequential ideas' of the Philosophical Investigations
(1953) and put him high on his short list of geniuses. Sraffa's
revolutionary contribution to economics was, however, lost to the
world because economists did not pay attention to the philosophical
underpinnings of his economics. Based on exhaustive archival
research, Sinha presents an exciting new thesis that shows how
Sraffa challenged the usual mode of theorizing in terms of
essential and mechanical causation and, instead, argued for a
descriptive or geometrical theory based on simultaneous relations.
A consequence of this approach was a complete removal of 'agent's
subjectivity' and 'marginal method' or counterfactual reasoning
from economic analysis - the two fundamental pillars of orthodox
economic theory.
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