Theories of Value from Adam Smith to Piero Sraffa

The book presents a comprehensive account of over 200 years of controversy on classical theories of value and distribution, focusing on four critical classics and challenging canonical interpretations to analyse their flaws and weaknesses. It appeals to scholars and academics of economic theory and philosophy, as well as the general reader.

Format: Paperback / softback
Length: 372 pages
Publication date: 31 March 2021
Publisher: Taylor & Francis Ltd

This book offers a thorough examination of over 200 years of debate surrounding classical theories of value and distribution. The author delves into four influential 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 notable disparities among the celebrated theories of these four authors, seeking to identify the 'classical standpoint' that sets them apart from the 'moderns.' It also critically assesses canonical interpretations, identifying their shortcomings and weaknesses, while also highlighting their strengths. Additionally, the book engages with significant alternative interpretations and criticisms of the theories. With a new Afterword that updates the discussions and advancements since the first edition, this book will appeal to scholars and academics of economic theory and philosophy, as well as to the general reader.

Weight: 708g
Dimension: 216 x 138 (mm)
ISBN-13: 9780367787011
Edition number: 2 New edition