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Full Description
An attempt to provide a formal analysis of joint production, the text of which was originally the author's PhD thesis. The work is designed to lead from the most abstract and general concepts of the theory of value to applications in the areas of the measurement of capital and growth, of international trade, and of natural resources.
Contents
Preface Part I Introduction 1 Sraffa's First Critique 2 Ricardo and the Surplus Approach 3 Single-Product Sraffa Systems: Labour Values 4 Single-Product Sraffa Systems: Prices 5 Single-Product Sraffa Systems: Movement of Relative Prices 6 Single-Product Sraffa Systems: Basics and Non-Basics 7 Single-Product Sraffa Systems: The Standard Commodity 8 Single-Product Sraffa Systems: Reswitching 9 Theory and History 10 The Problem of Value with Joint Production in a Classical Perspective 11 The Fundamental Principle of the Determination of Prices with Joint Production 12 The Main Questions to be Answered and the Limits of the Answers Given in this Book 13 Summary of Results 14 Notation and how to Get Started with Joint Production Part II Mr Sraffa on Joint Production A General Joint Production Systems 1 The System 2 The Concept of a Basic System 3 The Uniqueness of the Basic System 4 Labour Values 5 Distribution and the Standard Commodity 6 Expansions of the Price Vector 7 Peculiarities of Joint-Production Systems: Existence of the Standard Commodity 8 All-productive and Related Systems 9 The Standard Commodity and the Possibility of Balanced Growth 10 Graphic Techniques Method 11 Applications 12 Definition of a Pure Fixed-Capital System 13 The Centre of Fixed-Capital Systems 14 Price Movements of Finished Goods15 The Value of Machines 16 Efficiency and Age of Machines 17 Perennial and Obsolete Machines in Long-Period and Short-Period Analysis 18 Fixed Capital, Switching of Techniques and the von Neumann Model 19 'Extensive' and 'Intensive' Diminishing Returns 20 Effects of the Presence of Land on the Basic System Part III Other Essays: 1 Production Costs in Neoclassical Theory 2 Ricardo 3 Critique of Neoclassical Theory 4 Sraffa and Marx 5 Distribution, Prices and Competition 6 Some Thoughts on the Foundation of Value in Sraffa and his Standard Commodity
