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Production of Commodities by Means of Commodities

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Piero Sraffa

Part of the book series: Great Thinkers in Economics Series ((GTE))

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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.

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© 2009 Alessandro Roncaglia

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Roncaglia, A. (2009). Production of Commodities by Means of Commodities . In: Piero Sraffa. Great Thinkers in Economics Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230234697_3

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