EconPapers    
Economics at your fingertips  
 

Removing an 'insuperable obstacle' in the way of an objectivist analysis: Sraffa's attempts at fixed capital

Heinz Kurz () and Neri Salvadori ()

The European Journal of the History of Economic Thought, 2005, vol. 12, issue 3, 493-523

Abstract: The paper discusses Sraffa's consecutive attempts in the late 1920s and early 1940s to tackle a problem which endangered his objectivist, surplus-based approach to the theory of value and distribution aimed at reviving the standpoint of the classical economists. Whilst with circulating capital the value transfer to the product and the physical 'destruction' of the input are one and the same thing, with fixed capital this is not so. Sraffa eventually overcame the difficulty in terms of the joint products-method. This allowed him to explain relative prices and the rate of profits strictly in 'material terms'.

Keywords: Classical economics; fixed capital; production; Sraffa Piero; value and distribution (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09672560500240156 (text/html)
Access to full text is restricted to subscribers.

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:taf:eujhet:v:12:y:2005:i:3:p:493-523

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672560500240156

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2022-11-08
Handle: RePEc:taf:eujhet:v:12:y:2005:i:3:p:493-523