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Some Observations on Ajit Sinha’s Interpretation of the Sraffa System
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Most of the Indian economists who took interest in Sraffa’s pioneering work were active in the decades stretching from 1960s to 1980s. From 1990s few Indian economists have shown much concern for it. Amongst them the name of Ajit Sinha stands foremost. Starting from 2007, Sinha has published in a series of contributions [Sinha 2007, 2010a, 2010b, 2012, 2013, 2015 and Dupertuis and Sinha, 2009a, b] culminating in his 2016 book, “A Revolution in Economic Theory: The Economics of Piero Sraffa”, his clarifications on the logical and philosophical foundations of Sraffa’s path breaking work. In this endeavour Sinha has advanced a radically new perspective on the guiding motives and final accomplishment of Sraffa’s work which he has distilled from Sraffa’s published and unpublished writings. In advancing his own perspective, he has locked horns not only with neoclassical authors (as is obviously to be expected) but also with eminent Sraffians like Pierangelo Garegnani, Heinz Kurz, and Christian Gehrke.
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- Dupertuis, M.S. and A. Sinha (2009a), A Sraffian Critique of the Classical Notion of the Centre of Gravitation, Cambridge Journal of Economics, 33(6): 1065-1087.
- Sinha, A. (2007), Sraffa and the Assumptions of Constant Returns to Scale: A Critique Samuelson and Etula, Contributions of Political Economy, 26(1): 61-70.
- ---------- (2010a), Theories of Value from Adam Smith to Piero Sraffa, Routledge London, New York, New Delhi
- ---------- (2010b), A Note on Ricardian’s Invariable Measure of Values, Cahiers d’economic politique, 58: 133-144.
- ---------- (2012), Listen to Sraffa’s Silences: A New Interpretation of Production of Commodities, Cambridge Journal of Economics, 37(6): 1449-1453.
- ---------- (2013), A New Interpretation of Sraffa’s Prices: A Response to Heinz Kurz, Cambridge Journal of Economics, 37(6): 1449-1453.
- ---------- (2015), A Reflection on the Samuelson- Garegnani Debate, Economic Thought, 4(2): 48-67.
- ---------- (2016), A Revolution in Economic Theory: The Economics of Piero Sraffa, Palgrave, Macmillan.
- Sinha, Ajit and M.S. Dupertuis (2009b), Sraffa’s System: Equal Rate of Profits and the Notion of the Centre of Gravitation, Journal of Economic Behaviour and Organization, 71: 495-501.
- Sraffa, P. (1960), Production of Commodities by ‘Means of Commodities’, Cambridge University Press, Cambridge.
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