| This question <55|51> overall <45|47> Charles: <27|47>. |
| Exam Question 85: What is value (according to Marx)? |
| [46] Charles: What is value according to Marx ? Marx does not relate value with a worth of something. He does not say that commodities have value, but that they are values “as crystals of abstract human labor.” For him, value is a social relation. He relates it to the interaction of the individuals in the society and compares it to an object and social relation. |
| Hans: Everything you say is right. But it is more a commentary about Marx's concept of value than a definition of what value is. In Marx's theory, value, i.e., that substance which makes commodities exchangeable, is congealed abstract labor. |
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