Sraffa: Measurement and Aggregation

Josef Steindl

Chapter 19 in Economic Papers 1941–88, 1990, pp 253-275 from Palgrave Macmillan

Abstract: Abstract My purpose is not an appraisal of Sraffa’s work or a probing into his aims or philosophy. I want to deal with a particular aspect. Sraffa’s book is concerned with measurement, concepts, aggregation. Indeed, a good deal of the intellectual difficulties which he has mastered are precisely in this field. He had to find a concept which would make it possible to deal with a multicommodity economy in the same way as if it were the corn economy (one commodity economy) of Ricardo. He found the concept in the standard commodity. It is an aggregate and yet a physical measure like corn, independent of prices and distribution. It may serve to measure consumption and investment, wages and profits alike. It is a macroeconomic concept derived from data for the individual commodities.

Keywords: Original System; Real Wage; Basic Good; Labour Power; Profit Rate (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20821-0_19

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349208210

DOI: 10.1007/978-1-349-20821-0_19

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().