Comments on Nobuo Okishio’s review of Piero Sraffa’s Production of commodities by means of commodities (1960)

Abstract

In this note we scrutinize and comment on Nobuo Okishio’s review of Piero Sraffa’s Production of Commodities by Means of Commodities. We limit ourselves only to observations by Okishio which we consider debatable. These concern in particular his treatment of wages in the price equations, his interpretation of Sraffa’s Standard commodity and his criticism of the marginalist theory of value and distribution.