Okishio’s Book review on P. Sraffa: Production of commodities by means of commodities—prelude to a critique of economic theory

Nobuo Okishio, Taiji Hagiwara () and Hiroko Hagiwara
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Nobuo Okishio: Kobe University
Taiji Hagiwara: Okayama Shoka University
Hiroko Hagiwara: University of Hyogo

Evolutionary and Institutional Economics Review, 2025, vol. 22, issue 1, No 7, 109-118

Abstract: Abstract In the seminar on Political Economy (at Toyama University, 11th November 2023), Professors Kurz and Salvadore raised the question why Okishio did not refer Sraffa in Okishio (2022). Okishio wrote book review on Sraffa (Production of commodities by means of commodities—prelude to a critique of economic theory. Cambridge University Press, Cambridge, 1960) just after its publication (Okishio in Kokumin-Keizai-Zasshi 103(3):104–112, 1961, 10.24546/00167714). He read Sraffa carefully and compared Sraffa's definition of basic commodity with Okishio's one. He resulted that his own definition is more useful than Sraffa's one.

Keywords: Sraffa; Ricardo; Profit rate; Wage rate; Basic commodity (search for similar items in EconPapers)
JEL-codes: B12 B24 B51 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s40844-025-00297-3

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