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[110] Senco: Value, Exchangeability, and Price. Labor devoted to the production of commodities that are actually exchanged,
produces value.
Professor Ehrbar clearly states in his annotations ,on page five of the
blue edition, that “Value is that property of a commodity which allows it
to be exchanged on the market... Marx uses this word to denote an economic
category: it is that intrinsic property of commodities which finds its
expression in the market.”
Price is not what determines the commodities value, price simply reflects
the current market conditions.
Hans asserts in [108] that “exchangeability comes from value.”
I will add that value comes from labor. |
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