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Sraffa: Measurement and Aggregation

In: Economic Papers 1941–88

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  • Josef Steindl

Abstract

My purpose is not an appraisal of Sraffa’s work or a probing into his aims or philosophy. I want to deal with a particular aspect. Sraffa’s book is concerned with measurement, concepts, aggregation. Indeed, a good deal of the intellectual difficulties which he has mastered are precisely in this field. He had to find a concept which would make it possible to deal with a multicommodity economy in the same way as if it were the corn economy (one commodity economy) of Ricardo. He found the concept in the standard commodity. It is an aggregate and yet a physical measure like corn, independent of prices and distribution. It may serve to measure consumption and investment, wages and profits alike. It is a macroeconomic concept derived from data for the individual commodities.

Suggested Citation

  • Josef Steindl, 1990. "Sraffa: Measurement and Aggregation," Palgrave Macmillan Books, in: Economic Papers 1941–88, chapter 19, pages 253-275, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20821-0_19
    DOI: 10.1007/978-1-349-20821-0_19
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