Abstract
In Chapters 9 and 10, joint production arose in one industry because of the presence of durable means of production, produced or non-produced. In both cases, this was sufficient to require a multiple-product industries framework for the proper analysis of prices of production. In this chapter, I permit intrinsic joint production, of the wool-and-mutton or wheat-and-straw variety, on both industries. Otherwise, the industries share the properties of Chapters 4–7: to be specific, there is only circulating capital and there are no non-produced means of production. It will be seen below that this can create a number of difficulties for the theory developed in Chapters 2–7.
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© 1990 J. E. Woods
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Woods, J.E. (1990). Joint Production. In: The Production of Commodities. Radical Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20483-0_11
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DOI: https://doi.org/10.1007/978-1-349-20483-0_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-43629-5
Online ISBN: 978-1-349-20483-0
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