Question

In 1960, Sraffa published his major work entitled "The Production of Commodities by Means of Commodities" and by this book he led to rethinking of political economy. Do you agree with this idea? Why? Why Not?

Answer 1

The tighter the production of commodities by the means of commodities creates a rethinking in the political economy and I completely agree with this statement given in the question because the thinking of the resources means to accumulate all the things which are related with the means of commodities the production of commodities are only possible when there are sufficient resources which are related with the commodities.
commodities mean a force of demand and supply forces in the economy and this force is very important in every trade because all types of trade whether it is a domestic trade or international trade totally depends on the commodities.
The rethinking of the political economy related to the means of commodities is based on the public goods available from the side of Government and this is an important factor which influences the political system of Economics.
Everything is related with the development of the commodities in different phases and this is the only reason why we are looking for the efficient and optimum utilisation of the given resources in the economy all the factors of production plays an important role and the production continuity is unchanged and depends on the marginal productivity factor of labour in the economy.