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The Production of Commodities John E. Woods

The Production of Commodities By John E. Woods

The Production of Commodities by John E. Woods


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Summary

This is a chapter by chapter explanation of the work which served as a basis for a critique of the marginal theory of value and distribution - Production of Commodities by means of Commodities by the economist, Sraffa.

The Production of Commodities Summary

The Production of Commodities: Introduction to Sraffa by John E. Woods

The purpose of this book is to provide an elementary account of Sraffa's Production of Commodities by means of Commodities. Operating with a two-sector model in order to minimise the mathematical demands on the reader, the author is nonetheless able to analyse all the essential questions arising from Sraffa's book-prices of production, choice of technique, fixed capital, land and joint production - as well as discuss micro- and macro-economic implications of this theory.

Table of Contents

Introduction - A Subsistence Economy - Production with a Surplus: Subsistence Wage - Production with a Surplus: Wage above Subsistence - Price Variations and the Standard Commodity - Choice of Technique - The Quantity Equations and Duality - Introduction to Multiple-product Industries Models - Fixed Capital - Land - Joint Production - Review and Conclusions - Index

Additional information

NLS9780333436295
9780333436295
0333436296
The Production of Commodities: Introduction to Sraffa by John E. Woods
New
Paperback
Palgrave Macmillan
1990-01-22
360
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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