This question <127-3|137-1> overall <135|136> Veblen: <134-2|180>.

Question 147: The difference between the Money form and the Universal equivalent form is a small one; nevertheless it has important implications. Elaborate.

[135-1] Veblen: social implications of the money form   The importance of the change from the general equivalent to the money form of value is social in nature. The imperfections that required the evolution of value from form A to B to C,( value expression), are now absent. The change from form C to D is the result of the inner tension of form C itself. Because C is an exclusionary form of value (only one commodity can be in form C) it quickly makes a transformation to Form D. Inherently the form of C and D are identical, however I believe there are come important social consequences. Once value has shifted form from C to D it denotes an increase in specialization of commodity production in the society and it therefore necessary to have a money form in order to transact trade. Therefore, the implications of the change in the form of value are social in nature.

Hans: You said some excellent things in the in-class exam which you left out in the resubmission, but you said some new and very good things in the resubmission too. But the in-class exam is better; the idea with the fixity of social relations is sound. If you wanted to type in your in-class text and submit it for the archive I would appreciate it.

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