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Essay

Marx

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Issue:

Social Issues

 

Written by:

Irma D

 

Date added:

October 7, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

19 / 5106

 

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5913 times

 

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For example, the balance sheet of a capitalist firm estimates the value of goods in process and of fixed capital which has not yet been depreciated, as well as the value of inventories of finished commodities awaiting sale. Each of these aggregations of commodities has a value, usually expressed as the equivalent of a certain amount of money, but it is clear that neither goods in process nor fixed capital is money...
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Marx views the value of commodities in this sense as analytically prior to money; money can be explained according to Marx only on the basis of an understanding of the value of commodities. Marx follows Smith in regarding value as the property of exchangeability of commodities. In a society where exchange is common, products come to have a dual character as use values and as values...
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