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Marx doesn't seem to believe that only equal values are exchanged on
the market. Marx states that exchange proportions constantly change
with time and place. However Marx never says that exchange values
themselves constantly change but instead the exchange proportions.
Marx seems to be addressing price volatility. External forces may
cause the price of a commodity to be set below or above its exchange
value. My understanding is that the Labor Theory of Value states that
these discrepancies between prices and exchange-values of a commodity
average out to be equal in the end. This is significant because if
this is true then profits are not a result of pricing commodities
above their values, but instead must come from somewhere else. |
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