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[37] Adam: Exchange-Value. Grindage's conclusion in [36] that exchange-value consists of how much
of a commodity is needed to exchange for another quantity of a
commodity, should also include that any exchange-value consists of a
sum of other exchange-values. A blanket that has a price of $20 could
be a sum of twenty 1/20 exchange-values. Additionally, a sum of
exchange-values is also a singular exchange-value and the example
could read the blanket priced at $20 is an exchange value of $20. If
completely dissected it seems exchange-value could consist solely of
human labor time, because commodity-values are a representation of
human labor time. The process is essentially an exchange of labor, in
order to benefit from the labor of others. |
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