| This question <153|24> overall <153|156> Hans: <152|158>. |
| Exam Question 35: What is the exchange value of a commodity? (Give its definition, not an analysis where it comes from). |
| [155] Hans: MUCHO's correction of Darci's answer I had two quibbles with Darci's definition of exchange value in [24]: |
| (1) The exchange value of a commodity is not just its exchange proportion with one different commodity, but a list of all exchange proportions with all possible different commodities. Or equivalently its exchange proportion with the universal equivalent, i.e., its price. This was my main complaint, and MUCHO got this point right. |
| (2) My second quibble was that I found the formulation: “the value that one commodity can bring against another at the marketplace” unsatisfactory. If someone submits an answer as short as Darci's, one should be a little more careful with one's formulations. |
| MUCHO's sentence in [153] “Exchange-value of commodity is something that changes its value depending upon the place and time” is not part of the definition of the exchange value, but one of its properties, and this property plays a central role in the answer of Question 37. And MUCHO's other sentence, “According to Marx, the valid exchange-values of a particular commodity express something equal, and exchange-value cannot be anything other than the mode of expression” is a conclusion which Marx draws about the exchange value, which is relevant for Question 40. Since MUCHO broke off the sentence in the middle, I doubt if he knows what Marx meant with it. |
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