| This question <104|110> overall <106|109> Hans: <103|109>. |
| Exam Question 58: What is value (according to Marx)? |
| Hans: Value, Exchangeability, Price: how are they related? Marx's idea of value is very different from that of the Capitalist. |
| Are you thinking that Marx's book, called Capital, is not about the capitalist economy? What Marx decribes here is not an alternative to capitalism, but these are the categories relevant for capitalism. We have to understand what value is because value is what the capitalist rips off from the worker. |
| The exchangeability of the commodity is what's important to Marx. |
| We want to know what value is. How is exchangeability related to the value of a commodity? |
| If something is not exchangeable than it has no value. |
| This sounds as if value comes from exchangeability. Marx would say it the other way round: exchangeability comes from value. |
| Furthermore, prices are not what determines the value but rather the amount of human labor put into the commodity. |
| This sentence is right. But the question arises again: what is the relationship between prices and values? |
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