| This question <139|151> overall <142|144> Skippy: <42|475-1>. |
| Question 79: Why can commodities not express their values in their own use values? |
| [143] Skippy: What defines value? Use values depict personal preferences in the form of utility. Utility is the measurement of pleasure that one receives from an item. This does not reflect the exchange value of the item. As we discussed in class, a commodity has two values, a use value and an exchange value. |
| The exchange value of an item is the value on the market. This is the trading value which one is able to exchange for other goods. |
| For example: I have paintings that were painted by by my late Grandmother. The market value of these are probally very low, but to me they are priceless. That is that they are worth so much to me that I won't sell them. They represent a great deal of my utility. |
| Through this, the values of the paintings are not express through their use values. |
| A commodity is expressed through two independant values, their use value and their exchange value. One is not reflective of the other. |
| Hans: A commodity's value is not the pleasure one gets from a commodity, but all ist uses, whether pleasurable of not. You missed the central part of the Question and obviously everything the people before you wrote about 79. |
|
|
|||||