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Production of Commodities by Means of Commodities

In: Piero Sraffa

Author

Listed:
  • Alessandro Roncaglia

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.

Suggested Citation

  • Alessandro Roncaglia, 2009. "Production of Commodities by Means of Commodities," Great Thinkers in Economics, in: Piero Sraffa, chapter 3, pages 41-59, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-0-230-23469-7_3
    DOI: 10.1057/9780230234697_3
    as

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