The treatment of exhaustible resources in the context of classical theory is currently the object of intense debate. In particular, different views are held as to whether the classical 'normal positions' can adequately deal with the prices for the use of exhaustible resources (royalties), and...

This paper discusses the widespread view that the classical determination of relative prices is closely connected to the study of the conditions allowing for the 'reproduction' of the economy. It is argued that this view obscures the generality of Sraffa's contribution and, furthermore, that it...

This paper examines the critical remarks that D'Orlando (2005) addresses to the classical theory of value based on ‘normal’ positions, and briefly comments on the alternative dynamic analysis of short-run prices that he recommends. The first part refutes D'Orlando's considerations about the...

It is well known that Sraffa analyzed fixed capital as a 'joint product' along with regular products, such that in each period a given machine (together with other material and labor inputs) produces a regular product plus a one-period-older machine of the same type. What is perhaps less well...

This paper responds to Christian Gehrke's comment, and argues that the main conclusion of my earlier paper is sustained—that, contrary to Sraffa, Marx did not 'adopt' in any sense of the word the joint product method of treating fixed capital. It agrees with Gehrke that Torrens adopted a form...