| This question <31|31> overall <21|23> Kibosh: <561|320>. graded A– |
| Question 27: How does Marx's starting point differ from usual approaches to economics? |
| [22] Kibosh: Marx's beginning emphasis on commodities is due to the relationship between commodities and money. As the classes exist and grow the one thing which combines them is their product. This product produces money. The worth of an employer is not in their possible production but in their current holdings. Just as any college student cannot be considered a millionaire just for going to college. The same idea is applied. I saw Marx allude to an emphasis on the amount of goods rather than the future possible holdings. What we hold now is what we can base ourself on. It's a similar theory, to me, when a young adult or teenager talks about the money he or she stands to inherit when they graduate or turn a certain age. My reply to them is a similar one that Marx would reply then. What have you produced now? I saw Marx's opening based upon commodities a factual current understanding of a company's production to date not based on future speculation. |
| Hans: Marx's Capital is not a blueprint for a better society, but an analysis of capitalism. This may not be apparent at the beginning, where he stresses that all value comes from labor. But later in the book Marx will say that, despite the fact that the laborer creates all value, the laborer does not receive all the value he or she creates. |
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