This question <85|85> overall <59|62> Saturn: <46|127>.

Question 83: If commodity producer P exchanges his commodity A against Q's commodity B, which commodity is then in the relative form of value, and which in the equivalent form of value?

[60] Saturn: relative form of value and equivalent form of value   If commodity producer P exchange his commodity A against Q's commodity B, this exchange can be expressed as the equation “x units of commodity A = y units of commodity B.” In this case, P's commodity A is in the relative form of value because the value of commodity A is expressed relatively as the fixed amount of use-value of commodity B, y units of commodity B. Then commodity B is in the equivalent form of value because commodity B is expressed as commodity which has the equivalent value as commodity A has. (See Beaver [59]). In the equation, commodity B doesn't express its own value. If the situation is reversed, so is the form of value of each commodity.

Hans: As a first approximation, your answer is correct, but there are some subtleties in this which you did not notice, and which we will get into when discussing Chapter Two.

	Students enrolled for Econ 5080 in 2009fa are invited to give feedback to the above message Pseudonym:      UofU ID:   Text: