Basic and Non-Basic Products

Alessandro Roncaglia

Chapter 4 in Piero Sraffa, 2009, pp 60-77 from Palgrave Macmillan

Abstract: Abstract In Production of Commodities by Means of Commodities Sraffa proposes and resolves a number of specific but important problems, thereby contributing to the development of the classical approach and bringing to light elements which differentiate his analysis from the marginalist theory of value and distribution. Two of these problems will be investigated in the present chapter and in the following one. The first concerns the distinction between basic and non-basic products, namely between commodities that enter directly or indirectly as means of production in every and each process of production, and commodities which do not serve as means of production or which are used, directly or indirectly, only in a limited number of processes. The second is the construction of the standard commodity, a composite commodity with special characteristics that make it particularly suitable for use as a measure of value.

Keywords: Wage Rate; Real Wage; Basic Product; Relative Prex; Classical Economist (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_4

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DOI: 10.1057/9780230234697_4

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