Abstract
Means of production are traditionally classified as durable (fixed capital) and non-durable (circulating capital), according to whether their technical characteristics allow them to be reused several times in the productive process or not. This particular characteristic of the means of production is relevant to a great number of economic problems.
Originally published as ‘Prezzi, saggio del profitto e durata del capitale fisso nello schema teorico di Piero Sraffa’, Studi economici, xxtx, no. 1 (1974) 5–44. Subsequent discussions in the same journal have stressed the point that the possibility of trade of old machines is excluded from the model here analysed.
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© 1980 Luigi L. Pasinetti
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Varri, P. (1980). Prices, Rate of Profit and Life of Machines in Sraffa’s Fixed-Capital Model. In: Pasinetti, L.L. (eds) Essays on the Theory of Joint Production. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05201-1_5
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DOI: https://doi.org/10.1007/978-1-349-05201-1_5
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