This question <75|75> overall <74|76> Maxed: <732|231>. graded C–  
  Question 126: In a capitalist economy very few commodities are directly exchanged against each other: almost all transactions involve money and a commodity. Why does Marx start his investigation with the exchange relation between two commodities, instead with the much more common relation between money and a commodity?   
  [75] Maxed: labor for labor in a Marxist economy.   Marx doesn't believe in assigning a monetary value to commodities or to anything for that matter so far. He seems to want to keep the “value” of something a somewhat abstract figure that can only be determined by the amount of labor (and the skill required) to producing a commodity. “If we say that, as values, commodities are simply congealed quantities of human labour, our analysis reduces them ... to the level of abstract value, but does not give them a form of value distinct from their natural forms.” (141:3) This seems to be a recurring theme in the writing so far as if in a Marxist economy there would not be a currency or a common medium of exchange such as the dollar in our society, there would just be labor for labor. This makes sense because a dollar is just an arbitrary system for exchanging labor. For example: we spend our dollars on the items some one else produced and, in turn, they spend their dollars on the items we produced. However, if the system were properly functioning both parties would be equally compensated without dollars because of their equal contribution to the economy through their labor. This is what Marx is suggesting but, it is improbable that such a system could work with all the factors that push and pull at an economy such as personal preferences, fashion trends, inconsistent growing seasons (nature) and so forth.   
  Hans: Marx's Capital is not a blueprint for a better society. I warned everyone in [45] that you will get bad grades if you haven't understood this yet.   
 
 
 
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