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Joint Production Analysis in a Sraffian Framework

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  • Salvadori, Neri
  • Steedman, Ian

Abstract

The authors present a survey of the work inspired by Piero Sraffa's analysis of joint production. The "squaren ess" of production systems is discussed, as is the role of "require ments for use." Choice of technique is considered, compared to the s ingle-products case, and related to J. von Neumann. Joint production causes certain difficulties concerning basics and the "standard comm odity." Conditions for positive prices and downward-sloping wage-pro fit frontiers are given and (free) disposal is discussed. Fixed capit al systems, depreciation, and jointly-used machines are considered. I mplications for Austrian, Marxian, and mainstream theory are noted. Copyright 1988 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Salvadori, Neri & Steedman, Ian, 1988. "Joint Production Analysis in a Sraffian Framework," Bulletin of Economic Research, Wiley Blackwell, vol. 40(3), pages 165-195, June.
    • Handle: RePEc:bla:buecrs:v:40:y:1988:i:3:p:165-95
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    Cited by:

    1. Biao Huang, 2019. "Revisiting fixed capital models in the Sraffa framework," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 351-371, July.
    2. Steve Keen, 2013. "Predicting the ‘Global Financial Crisis’: Post-Keynesian Macroeconomics," The Economic Record, The Economic Society of Australia, vol. 89(285), pages 228-254, June.
    3. Nerio Naldi, 2000. "Keynes on the Nature of Capital: An interpretation of The General Theory's Chapter 16," Review of Political Economy, Taylor & Francis Journals, vol. 12(2), pages 157-169.
    4. S K Mishra, 2010. "A Brief History of Production Functions," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(4), pages 6-34, November.
    5. Soklis, George, 2011. "Wage-profit curves of the Finnish economy: evidence from the supply and use tables," MPRA Paper 30183, University Library of Munich, Germany.
    6. Michel Eduardo Betancourt Gómez, 2023. "Income distribution, banks and managers: A linear joint‐production model with financial assets," Metroeconomica, Wiley Blackwell, vol. 74(1), pages 74-93, February.

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