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[94] Kelly: Using Joint Value of a Commodity. According to Marx to be able to express the value of a
single commodity we must consider the joint work of all
commodities. Marx suggests that we must create a web or
network of commodities which indicate the value of
commodities. Marx believes that we must do this because the
value of a commodity can only be determined by its relation
to another commodity. A modern day example may be that 3
CDs are equal to the value of a DVD which is equal to the
value of a 2 VHS tapes. With this knowledge we can conclude
that 3 CDs are equal to 2 VHS tapes. We would know that if
we had 3 CDs but we could not trade them for anything they
would have zero value -- so the value of an item is
determined by what we can exchange for that item. This is
what Marx called the joint work of all commodities, without
joining all the commodities together we would be unable to
determine the value of any commodities. So all commodities
within a society have a joint value. |
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