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.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman.
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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).
Flaschel, P. 1982. On two concepts of basic commodities for joint production systems. Zeitschrift für Nationalömie 42(3): 259–280.
Pasinetti, L.L., ed. 1980. Essays on the theory of joint production. London: Macmillan.
Roncaglia, A. 1978. Sraffa and the theory of prices. New York: Wiley.
Sraffa, P. 1960. Production of commodities by means of commodities. Cambridge, MA: Cambridge University Press.
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Salvadori, N. (1987). Basics and Non-basics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_359-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_359-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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