Abstract
In Production of Commodities by Means of Commodities Sraffa proposes and resolves a number of specific but important problems, thereby contributing to the development of the classical approach and bringing to light elements which differentiate his analysis from the marginalist theory of value and distribution. Two of these problems will be investigated in the present chapter and in the following one. The first concerns the distinction between basic and non-basic products, namely between commodities that enter directly or indirectly as means of production in every and each process of production, and commodities which do not serve as means of production or which are used, directly or indirectly, only in a limited number of processes. The second is the construction of the standard commodity, a composite commodity with special characteristics that make it particularly suitable for use as a measure of value.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
