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On the wage-profit relation in a Sraffa system with joint production

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  • Albert E. Steenge

Abstract

[eng] On the wage-profit relation in a sraffa system with joint production. . Thus far economic theory has not succeeded in demonstrating the validity of Sraffa's daim that also in joint production Systems the linear wage-profit relation holds, provided the standard commodity is taken as the system's numeraire. Here we show that if capital is circulating, Sraff's relation holds if the coefficient matrices satisfy (a generalized version of) a rule proposed by the United Nations in dealing toith the standardization of productivity measures. In addition, some extensions are discussed. [fre] Sur la relation entre salaire et profit dans un système Sraffien de production jointe. . Jusqu'à présent, la théorie économique n'est pas parvenue à démontrer la validité de l'affirmation de Sraffa selon laquelle la relation linéaire entre salaire et profit existe également dans les systèmes de production jointe pour autant que la marchandise étalon soit prise comme numéraire. Cet article montre que dans le cas de capital circulant, la relation de Sraffa est valide si les coefficients des matrices satisfont la règle proposée par les Nations unies (du moins une version générale de cette règle) pour standardiser les mesures de productivité. Quelques extensions sont traitées aussi.

Suggested Citation

  • Albert E. Steenge, 1986. "On the wage-profit relation in a Sraffa system with joint production," Revue Économique, Programme National Persée, vol. 37(5), pages 925-932.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1986_num_37_5_408947
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    1. Gilbert Abraham-Frois & Edmond Berrebi, 1981. "La demande, face cachée de la production jointe," Revue Économique, Programme National Persée, vol. 32(6), pages 1154-1165.
    2. Dominique Levy & Gérard Dumenil, 1982. "Valeurs et prix de production. Le cas des productions jointes," Revue Économique, Programme National Persée, vol. 33(1), pages 30-70.
    3. Christian Bidard, 1981. "Travail et salaire chez Sraffa," Revue Économique, Programme National Persée, vol. 32(3), pages 448-467.
    4. Flaschel, Peter, 1983. "Actual Labor Values in a General Model of Production," Econometrica, Econometric Society, vol. 51(2), pages 435-454, March.
    5. Luigi L. Pasinetti, 1980. "The Notion of Vertical Integration in Economic Analysis," Palgrave Macmillan Books, in: Luigi L. Pasinetti (ed.), Essays on the Theory of Joint Production, chapter 0, pages 16-43, Palgrave Macmillan.
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