The Production of Commodities

Introduction - an historical perspective; some preliminaries. Part 2 A subsistence economy: the quantity system; the price system. Part 3 Production with a surplus - subsistence wage: the quantity system; the price system; changes in the wage rate; basic commodities. Part 4 Production with a surplus - wage above subsistence: the price system; relative price variation; real wage variation; a subsistence component to the wage. Part 5 Price variations and the standard commodity: a one-sector model; construction of the standard commodity; properties of the standard system and the standard commodity; is the standard commodity an invariable measure of value? Part 6 Choice of technique: switching of techniques; choice of technique and micro-economics. Part 7 The quantity equations and duality: the quantity equations; the consumption-growth curve and duality; the aggregate production function; the aggregate production function and the three phenomena. Part 8 Introduction to multiple-product industries models: fixed capital and land. Part 9 Fixed capital: a priori specified mortality coefficients; a proper fixed capital model; solution of the price system; negative old machine prices; choice of technique in a fixed capital model. Part 10 Land: extensive rent - the alternative techniques; choice of technique in extensive rent models; intensive rent - description of the technology; intensive rent - choice of technique. Part 11 Joint production: the quantity system; final demand; prices of production; positive prices; basic commodities; choice of technique - Okishio's theorem; specification of the technology.