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Basics and Non-basics

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Abstract

The distinction between basic and non-basic commodities was introduced by Sraffa (1960). He first provided a definition valid for the single production case and then provided a general definition for the joint production case. In this entry single-output production is assumed except for a few remarks on the distinction between basics and non-basics in the joint production case.

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Bibliography

  • Bharadwaj, K. 1970. On the maximum number of switches between two production systems. Schweizerische Zeitschrift für Volkswirtschaft und Statistik 106(4).

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  • Flaschel, P. 1982. On two concepts of basic commodities for joint production systems. Zeitschrift für Nationalömie 42(3): 259–280.

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  • Pasinetti, L.L., ed. 1980. Essays on the theory of joint production. London: Macmillan.

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  • Roncaglia, A. 1978. Sraffa and the theory of prices. New York: Wiley.

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  • Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge, MA: Cambridge University Press.

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Salvadori, N. (2018). Basics and Non-basics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_359

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