This question <101|97> overall <102|104> Hans: <102|108>.  
  Exam Question 38: What is the exchange value of a commodity? (Give its definition, not an analysis where it comes from).   
  [103] Hans: Another Attempt at Defining Exchange Value   JoeHill's definition [101] is not good. Bull's [97] was better here, who said exchange value was the “exchangeability” of the commodity. I complained about it in [99] because Bull said that exchangeability was “given” to the commodity, presumably by the individuals, rather than it being the result of the way production is organized. Perhaps the following formulation makes it clear that exchange value has a social origin and does not just depend on individual decisions:   
  a commodity has exchage value in a given society if it is customary to exchange that commodity for other commodities in that society.   
 
 
 
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