Production of commodities by means of commodities and non‐uniform rates of profits

Stefano Zambelli

Metroeconomica, 2018, vol. 69, issue 4, 791-819

Abstract: Sraffa's book Production of Commodities by Means of Commodities begins with the following (p. 3): Let us consider an extremely simple society …. Commodities are produced by separate industries and are exchanged for one another at a market held after the harvest. One of Sraffa's objectives is to determine the ... set of exchange‐values which if adopted by the market restores the original distribution of the products and makes it possible for the process to be repeated; such values spring directly from the methods of production (p. 3, emphasis added). so that the system is in a self‐replacing state. Furthermore, Sraffa assumed the rate of profits ... to be uniform in all industries (p. 98), emphasis added. This paper studies the self‐replacing properties of the system without assuming a uniform rate of profits.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://doi.org/10.1111/meca.12213

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:bla:metroe:v:69:y:2018:i:4:p:791-819

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().