The Joint Production Method in the Treatment of Fixed Capital: A Comment on Moseley

Christian Gehrke

Review of Political Economy, 2011, vol. 23, issue 2, 299-306

Abstract: This paper re-examines P. Sraffa's ‘References to the literature’ in Appendix D of Production of Commodities by Means of Commodities (Cambridge: Cambridge University Press, 1960) on precursors of the joint production method in the treatment of fixed capital. It is shown that Moseley's view, according to which Sraffa's attribution of the joint production method to Torrens, Ricardo, Malthus and Marx is ‘misleading at best and totally wrong at worst’ (F. Moseley, 2009, ‘Sraffa's interpretation of Marx's treatment of fixed capital’, Review of Political Economy, 21, p. 99), is difficult to sustain. Moseley's argument is based on the absurd premise that Sraffa's attribution of the joint production method to the four classical authors mentioned would only be justified if it could be shown that they had used the joint production method in the same way and for the same purpose as Sraffa did.

Date: 2011
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DOI: 10.1080/09538259.2011.561565

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