10-1-07

10-1-07 - SOC 302 Professor Fuchs 10/1/07 Part One: Use...

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SOC 302 Professor Fuchs 10/1/07 Part One: Use Value v. Exchange Value Congealed Labor Mystery of Commodities Part Two: C-M-C vs M-C-M Buying (+) Selling Labor Discussion: Marx has a very negative view of economists, his argument is why capitalism isn’t going to sustain us very long Commodity: Necessary: Air Soil but Non Necessity would be something like perfume or a television Use-Value: A Measurement of how useful something is Exchange- Value: Determined by market price How are use value and exchange value related? - Marx: Exchange value and use value are not connected; the use value of two different commodities are qualitatively different; exchange value is comparable - Marx’s problem is if we use value is incomparable then what is the thing that connects exchange? LABOR - Why labor? Because every object in the world requires labor - How does Marx account for workers who slack? He used abstract labor time Physical commodities (arrow) congealed labor (page 307) What happens when productivity increases? What then happens to the value? The value
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This note was uploaded on 04/12/2008 for the course SOC 302 taught by Professor Fuchs during the Fall '07 term at UVA.

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10-1-07 - SOC 302 Professor Fuchs 10/1/07 Part One: Use...

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