Prices, Rate of Profit and Life of Machines in Sraffa’s Fixed-Capital Model

Paolo Varri

Chapter Chapter Five in Essays on the Theory of Joint Production, 1980, pp 55-87 from Palgrave Macmillan

Abstract: Abstract Means of production are traditionally classified as durable (fixed capital) and non-durable (circulating capital), according to whether their technical characteristics allow them to be reused several times in the productive process or not. This particular characteristic of the means of production is relevant to a great number of economic problems.

Keywords: Economic System; Wage Rate; Inverse Matrix; Distributive Variable; Price System (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05201-1_5

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DOI: 10.1007/978-1-349-05201-1_5

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