| This question <226|233> overall <230|232> Nogi: <87|234>. |
| Question 54: The use-value of a commodity is the utility one gets from using it; the exchange-value is the utility one gets from using those things one can trade the commodity for. Right or wrong? |
| [231] Nogi: Wrong. Marx argues against exchange value being reduced to the use-value of the commodity. The use value does not derive the exchange value. The exchange value is its own derivative of a commodity. The definition given focuses too much on the individual utility of commodity owners to get the exchange value definition. In a society not one commodity has exchange value for every other commodity. |
| Hans: I added the “owners” in “ individual utility of commodity owners.” Is that what you meant? |
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