Theories of Value and Distribution Since Adam Smith

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The book explores the evolution of economic thought, particularly in relation to capital theory, through the lens of Sraffa's influential work, The Production of Commodities by Means of Commodities. It highlights Sraffa's role as a pivotal figure in reshaping discussions in economics, marking a significant turning point. The author also reinterprets nineteenth-century economic thought as comprising two distinct traditions often conflated under the term 'classical tradition,' emphasizing the critical response from Jevons.