| This question <82|82> overall <81|83> Melissa: <708|149>. graded A |
| Question 162: What does Marx understand to be the riddle of money? And how does he solve this riddle in section 3? |
| [82] Melissa: Riddle this... Marx understands that the riddle of money is that money can buy everything. Marx also understands that there is a link between money and production. A commodity is given its value by looking at how much of society's limited labor hours has been exhausted. What the consumer gets out of it or what the consumer as an individual feels the value should be, does not play a part in assigning the commodity's value. |
| I agree with Sms [1995WI:546] from the 1995WI archive that Marx solves the riddle by looking at the “...analysis of the relative form of value and the equivalent form of value, and their divisions between different commodities.” |
| Hans: In other words (making your second paragraph less abstract), money can buy every commodity because it is the commodity's own equivalent form of value split off into a specialized commodity (gold). |
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