The Dominant Technique in Joint Production Systems
Bibliographic Data
| ID | 23245099 |
|---|---|
| Authors | Bertram Schefold (0000-0002-0532-7358, Goethe University Frankfurt, corresponding author) |
| Year | 1997 |
| Pages | 156-196 |
| Publication date | 1997-01-01 |
| Open Access | Yes |
| Type | CHAPTER |
| Venue | Normal Prices, Technical Change and Accumulation (SOURCE_BOOK) |
| Publisher | Palgrave Macmillan UK (PUBLISHER) |
| DOI | 10.1057/9780230372405_7 |
| OpenAlex | W1582431160 |
| ISBN | 9780230372405 |
| Language | EN |
| Citations received | 4 |
| References cited | 3 |
There was very little discussion of Sraffa’s theory of joint production during the first ten years after the publication of Production of Commodities by Means of Commodities (Sraffa, 1960) because attempts to understand his theory of single product systems and the critique of the dominant theory of capital absorbed all attention. Thereafter, the theory of joint production came increasingly into focus. One reason, little understood at first, was that for the first time Sraffa’s approach provided economists working in the classical tradition with the possibility of defining prices of production in the presence of multiple product industries. When I wrote my ‘Mr Sraffa on Joint Production’ in 1970, Luigi Pasinetti drew my attention to the famous passage in Jevons ([1871] 1957) in which he invokes joint production to prove that a classical cost of production theory — as he understood it — could not explain the relative prices of by-products. A little later, Sraffa’s solution to the explanation of relative prices was used by Steedman to criticise Marx’s form of the labour theory of value (Steedman, 1975).
Capital (architecture) · Economics · Epistemology · Focus (optics) · Joint (building) · Mathematical economics · Microeconomics · Neoclassical economics · Prices of production · Product (mathematics) · Production (economics) · Production theory · Relative price · Value (mathematics) · Value theory · Economic Theory and Institutions · Economic Theory and Policy · Mathematics · Philosophy · Political Economy and Marxism
| Citations per year | 0.11 |
|---|---|
| Citation span | 1989 - 2015 (27) |
| Highly cited | No |