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[21] Catfish: Exchange-Value inherent. I liked Stonewall's response [16], but I disagree with his
last point. There are a few commodities, like gold, that
are accepted as having a standard exchange-value throughout
the world. However, an ounce of gold won't do me a bit of
good if another party doesn't value it as I do. So, I come
to the conclusion that not only is exchange-value based on
any one party's need for a commodity, as Stonewall
mentioned, but also based on a society's agreement upon the
exchange-value of any particular commodity. |
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