Ajit Sinha - Piero Sraffa's Price Theory Without Equilibrium

Ajit Sinha, an honorary researcher at the Sorbonne, discusses his new interpretation of Sraffa's work, focusing on a holistic understanding of interconnected industries. He aims to bridge the gap between different economic schools, such as Keynesians and Sraffians. Sinha's intellectual journey, influenced by Marx and his global academic experiences, is highlighted. He is conducting archival research to delve deeper into Sraffa's philosophical positions.

What is Ajit Sinha's new interpretation of Sraffa's work primarily about?

• The interconnectedness of economic systems

• The importance of consumer behavior

• The independence of industries

• The role of government in economics

What is the significance of Sraffa's book 'Production of Commodities by Means of Commodities' according to Ajit Sinha?

• It introduces a new form of government regulation

• It challenges the concept of constant returns

• It focuses on the role of technology in economics

• It provides a new model for consumer behavior

How does Ajit Sinha describe the relationship between industries in Sraffa's theory?

• As government-regulated sectors

• As competitive rivals

• As interconnected and dependent

• As independent entities

According to Sraffa's theory, what is the primary function of prices?

• To convey information between agents

• To account for distribution

• To determine consumer preferences

• To regulate market competition

What is Ajit Sinha's perspective on the role of equilibrium in Sraffa's theory?

• Equilibrium is determined by consumer demand

• Equilibrium is a temporary state

• Equilibrium is irrelevant to price determination

• Equilibrium is essential for price determination

What is Ajit Sinha's main focus in his archival research on Sraffa?

• Understanding Sraffa's philosophical positions

• Analyzing Sraffa's economic predictions

• Studying Sraffa's influence on modern economics

• Evaluating Sraffa's political views

What does Ajit Sinha aim to achieve through his research on Sraffa?

• To develop new economic policies

• To understand Sraffa's philosophical influences

• To create a new economic model

• To analyze consumer behavior

What intellectual schism is Ajit Sinha attempting to bridge?

• The disagreement between behavioral and traditional economists

• The divide between classical and neoclassical economics

• The conflict between monetarists and supply-siders

• The gap between Keynesians and Sraffians

What motivated Ajit Sinha to pursue a career in economics?

• His social concerns and interest in Marx

• His fascination with financial markets

• His interest in consumer behavior

• His desire to work in government policy

What aspect of Ajit Sinha's background influenced his academic journey?

• His experience in the corporate sector

• His father's academic career

• His work in government policy

• His interest in financial markets