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[563-5] IvanIvanovich: The mistake made by people and referred to by Marx is when we equate
the exchange of a commodity for money as being an exchange between two
commodities. This is an inaccurate statement. We do not receive the
value of the gold for the value of our product, say a pair of shoes.
No, the value of the shoes changes into the use-value of the next
product that we intend to purchase with the gold. I don't give away
my shoes, I keep them but in the form of gold which can be used for
exchange. I am using gold as a value, not unto itself, but as a means
to acquire the use value of say, flour. It was mentioned that this is
one of the biggest oversights of mainstream economists. |
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