Production of Commodities by Means of Commodities.
Prelude to a critique of economic theory.Cambridge, Cambridge University Press, 1960 Stock Code: 140614
NotesFirst edition, first impression, the copy of the British economist Lionel Robbins, with a presentation letter on Professor E. A. G. Robinson's letterhead dated 3 May 1960: "Dear Professor Robbins, I am sending you with this the review copy of Piero Sraffa's Production of Commodities by Means of Commodities. This is an advance copy and I am still not sure when the book is to be published. It remains absolutely top secret in Cambridge. Yours sincerely, Joyce Baine". Robbins, along with Keynes, was the leading British economist during the inter-war period; at the London School of Economics, he "dominated the economics department for thirty years and built it up to its pre-eminent position in British economics" (ODNB).
Production of Commodities, a classic in capital theory literature, critiques the orthodox theory of value and distribution and lays the groundwork for the revival of classical and Marxian approaches. "Production of Commodities is a peculiarly sparse book. The argument has been pared to the absolute minimum to sustain the propositions which Sraffa wishes to advance. Yet, the precision and logical elegance of the argument are 'the work of an artist working in the medium of economic theory' (P. Newman) Did any scholar have so great an impact on economic science as Piero Sraffa did in so few writings?" (The New Palgrave IV, p. 450; 460).
Octavo. Original blue cloth, spine lettered and ruled in gilt. With the dust jacket, clipped for presentation.
Light finger-soiling to pp. 20-21, still a fine copy in very good jacket, chipping at extremities.
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