The authors present a survey of the work inspired by Piero Sraffa's analysis of joint production. The "squaren ess" of production systems is discussed, as is the role of "require ments for use." Choice of technique is considered, compared to the s ingle-products case, and related to J. von...

Economic systems with a positive, uniform, and constant interest rate have been widely studied. It is shown that, in such systems, the presence of produced inputs undermines some standard results concerning the revenue function. The partial derivative, with respect to a product price, is not...

The topic of joint production theory has played a central role in neo-classical criticism of classical theory, in Sraffa’s proposed rehabilitation of classical theory, and in some Sraffa-based criticisms of Marxian theory. This prominence is not surprising for joint production (and the related...

The present paper seeks to provide some new insights into the precise nature and the analytical foundations (or lack of them) of the familiar industry supply curve. We reconsider some fundamental phases of its historical evolution. Two different traditions are distinguished: one consists of the...

A Kaleckian mark-up theory of pricing implies a trade-off frontier between mark-ups and wages, with the result that mark-ups and wages cannot all be independently determined-by whatever processes. Wages in different industries are just as much in conflict as are wages and mark-ups. The way in...

'Perverse' behavior in capital theory results stems from the changes in relative prices provoked by a change in distribution, even in the presence of unchanged methods of production. But it does not follow that perverse results cannot arise in a 'one commodity' model; they can arise if there is...