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[23] Cowboy: Exchange-Value inherent. In response to Stonewall [16] and Catfish [21]. I think that
they both had very excellent examples of how the exchange
value could be different to each individual depending on
what they thought was valuable themselves. To answer this
question we need to understand what Marx believes about
commodities and their exchange values. Marx believes that a
value is associated with the exchange value of a commodity
and that the value of commodity comes from the labor that
was put into that particular product (what time and effort
was used in producing the commodity). I have tried to think
of a good example of what I could use to demonstrate this
but I think that the best way is to just explain that the
exchange value is not something inherent in the commodity
because you can not put a exchange value on labor because
each person's idea of value labor is different. According to
Marx labor is what gives the commodity its value. |
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