Theories of value from Adam Smith to Piero Sraffa

This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical, classics, viz., Adam SmithHs Wealth of Nations, David RicardoHs Principles of Political Economy, Karl MarxHs Capital and Piero SraffaHs Production of Commodities by Means of Commodities. The book highlights several significant differences in the theories of the four authors as it searches for the Hclassical standpointH that separates them from the HmodernsH. It throws fresh light on some old questions while introducing new, controversial interpretations in the literature surrounding it. It is unique in its organisation as it first presents the authorHs close reading of the theories of value and distribution in the four classics and then critically engages with the major alternative interpretations and criticisms of the theories discussed therein. (http://www.routledge.com/books/details/9780415563208/)