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Sraffa’s Model for the Joint Production of Commodities by Means of Commodities

In: Essays on the Theory of Joint Production

Author

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  • Carlo Felice Manara

Abstract

The present essay aims to analyse the model presented by Piero Sraffa in the second part of his book Production of Commodities by Means of Commodities (1960). There already exist analyses of the first part of the book, dealing with single-product industries and circulating capital: for example, the analyses by P. Newman (1962) and V. Dominedb (1962). But to my knowledge there has been no mathematical analysis of the second part of the book, ‘Multiple-Product Industries and Fixed Capital’. It is hoped, therefore, that the present analysis may prove useful, and that not solely for the aim, shrewdly identified by Newman (1962) of ‘translat[ing] Sraffa’s work into the more widely used Walrasian dialect of mathematical economics’. My aim is above all to analyse the logical foundations of Sraffa’s treatment and to attempt to enunciate hypotheses that make his model viable. Such hypotheses are not always stated clearly and explicitly by Sraffa, perhaps because he makes very limited use of the mathematical language and so considers it unnecessary to specify the precise conditions under which the relationships of which he writes are capable of having sense.

Suggested Citation

  • Carlo Felice Manara, 1980. "Sraffa’s Model for the Joint Production of Commodities by Means of Commodities," Palgrave Macmillan Books, in: Luigi L. Pasinetti (ed.), Essays on the Theory of Joint Production, chapter 0, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05201-1_1
    DOI: 10.1007/978-1-349-05201-1_1
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