| This question <45|51> overall <48|50> Vasco: <49|49>. graded B |
| Question 148: Can one say the coat, in the equation 20 yds of linen = 1 coat, symbolizes the value of the linen? |
| [49] Vasco: Value of linen. Goshen makes a good point when saying that the coat symbolizes the value of the linen only if the two sides are reduced to hours of labor. However, it is because of the labor that the coat also symoblizes the linen's use-value. |
| By itself, the linen has little use-value. Without labor, it has the value of a few blankets or maybe kindling for a fire. So in terms of the linen, the coat is greater due to the labor that was involved in its production. But when a person says,“I can make a coat out of that linen,” the equation becomes true. The coat symbolizes what the linen's potential is. The value of, say, 20 hops is expressed by the use of the beer that is made from them. |
| Assessing their exchange rate also shows what the coat symbolizes. Both parties of an exchange agree that 20 yds. of linen= 1 coat. It doesn't matter if they are merely willing to trade or if they are jumping for joy at the opportunity to do so. 19 yds. of linen does not equal 1 coat, nor does 1 coat equal 21 yds. of linen. Why does that seem so ridiculously apparent? Because all of us already have it in our heads that 1 coat = 20 yds. of linen. |
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