Production of Commodities by Means of Commodities

Alessandro Roncaglia

Chapter 3 in Piero Sraffa, 2009, pp 41-59 from Palgrave Macmillan

Abstract: Abstract This chapter is devoted to Sraffa’s major contribution: a relatively slender volume — 92 pages of text, including the Preface — work on which began in 1927, when the author moved to Cambridge, and was finally published in 1960 in English, with the Italian edition following a few weeks later.1 As we shall see, in Production of Commodities by Means of Commodities Sraffa comes up with a solution to the problem of value framed in terms of the classical conception, simultaneously determining relative prices and one of the two distributive variables, the wage rate and the rate of profits, with the other distributive variable considered as exogenously given.

Keywords: Income Distribution; Wage Rate; Real Wage; Relative Prex; Price Determination (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-23469-7_3

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DOI: 10.1057/9780230234697_3

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