The Production of Commodities An Introduction to Sraffa
The purpose of this book is to provide an elementary account of Sraffa's Production of Commodities by means of Commodities. Operating with a two-sector model in order to minimise the mathematical demands on the reader, the author is nonetheless able to an
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Radical Economics
Published
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The Production of Commodities An Introduction to Sraffa
J. E. WOODS
M
MACMILLAN
© J.
E. Woods 1990
All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright Act 1956 (as amended), or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 33-4 Alfred Place, London WClE 7DP. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 1990 Published by MACMILLAN EDUCATION LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world British Library Cataloguing in Publication Data Woods, J. E. The Production of Commodities: an Introduction to Sraffa.-(radical economics}. 1. Economics. Theories of Sraffa, Piero, 1898-1983 I. Title II. Series 330.15'5
ISBN 978-0-333-43629-5 ISBN 978-1-349-20483-0 (eBook) DOI 10.1007/978-1-349-20483-0
To Anne, Patrick Daniel and Andrew
Contents Preface
ix
Acknowledgements
Xl
1 Introduction
1
2 A Subsistence Economy
12
3
21
Production with a Surplus: Subsistence Wage
4 Production with a Surplus: Wage above Subsistence
39
5
56
Price Variations and the Standard Commodity
6 Choice of Technique
73
7 The Quantity Equations and Duality
131
8 Introduction to Multiple-Product Industries Models
166
9
Fixed Capital
169
10
Land
226
11
Joint Production
258
12
Review
298
References
335
Author Index
342
