This question <167-4|63> overall <59|61> Goose: <423|138>. graded B+  
  Question 98: If the first Chapter is such a systematic discussion of value, why is it then called “Commodities” and not “Value”?   
  [60] Goose: commodities and value   Value cannot exist without commodities. This is why the first chapter is called “Commodities” and not “Value.” Although the first chapter is a systematic discussion of value one must take into consideration the use of value and the commodity exchanged or produced. A great example that is mentioned in the text of this would be a new born child. Although this child does have potential value, this value cannot yet fully be realized. The child lacks many skills and it is uncertain which skills the child will eventually possess. If the child becomes perhaps a heart surgeon then its value may be considered greater then that of becoming an Elementary school teacher. As said by Hans in the text “When Marx says ‘commodity’ he does not only think of a useful thing but also of the social connection in which this thing is produced.” Therefore the first chapter is ultimately a discussion based upon a commodity and not just the value system that describes such a commodity. “Sie sind mehr als nur Ware, weil doppeltes, Gebrauchsgegenstaende und zugleich Werttraeger”   
 
 
 
  Students enrolled for Econ 5080 in 2009fa are invited to give feedback to the above message
Pseudonym:      UofU ID:  
Text: