Valle Baeza, Alejandro. “Joint production“, Enciclopedia of Political Economy. Phil O´Hara ed. Routledge. Gran Bretaña. 1998. pp. 590-592.
Alejandro Valle Baeza
Joint production is the simultaneous manufacture of two or more goods in the same production process. Joint production may be intrinsic, as in the case of sheep farming where meat and wool are produced; or aggregate as in the case of multi-product firms such as banks.
For a long time, joint production was relegated to the backwaters of economic analysis as being too recherché. This situation changed
with the publication of Sraffa’s Production of Commodities by Means of Commodities in 1960. Taking up an idea of von Neumann, SRAFFA analyzed the consumption of fixed capital as a case of joint production.
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