PS 116 Marxism Communal Study Guide | Key Concepts & Terms
Course
Engineering
Subject
Education
Category
Questions and Answers
Pages
12
Uploaded By
ATIPROS
- Good at concealing the true form of things.
- The belief that possessors of money are equal to possessors of commodities appears to be true on the surface, but this masks underlying inequality.
- Unequal in power, not equally free. The owner of labor power can choose to sell their labor or starve. In contrast, the money owner can choose to buy labor power, turn it into capital, or purchase other commodities to meet their needs. The money owner (capitalist) never has to starve.
- A cycle of producing things that we need purely for the sake of exchange.
- Anyone who acts as an agent of capital, acting per the logic of capital as means or agents to capital.
- These individuals simply move capital around and help it to self-valorize.
- Represents the qualitative form of a commodity (remember that commodities have a dual nature).
- Specifically refers to the usefulness or practical application of something. It arises from the physical body or form of the commodity and is only realized when consumed.
- For instance, a glass hammer has no use value because its form is unsuitable for hammering, while a steel hammer’s usefulness comes from its material form and properties.
- Unlike value, use-values depend on the qualitative nature of material objects and the specific or concrete forms of labor they may be employed in. The concept of use value appears in every society.
- Example: The use-value of a chair lies in the fact that you can sit on it.
- Represents a commodity’s quantitative dimension. This value becomes apparent only when one type of commodity is exchanged for another, represented as definite quantities of congealed labor time.
- Exchange values equalize and quantify commodities so they can be exchanged with one another.
- It is a definite social manner of expressing the labor bestowed on a thing.
- The proportion in which one type of use-value is exchanged against others.
- For example, the exchange-value of one chair can be quantified as 20 pounds of steel, 5,000 Mardi Gras beads, 0.05 computers, etc. It is a purely quantitative relationship, indicating a relationship among things that are, as values, qualitatively the same.
- Congealed abstract human labor.
- Labor is the only source of value. Value does not equate to price at all (though they may be correlated). The substance of value is labor, and how we measure it (i.e., the magnitude of value) is labor time.
Content Preview
Loading preview...
Reviews (0)
$7.50
