2007-10-01

- The book talks about different problems with exchange of commodities Is it possible to be completely self reliant without having to exchange any

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The book talks about different problems with exchange of commodities. Is it possible to be completely self reliant without having to exchange any commodities? Regardless of intent, is it really possible for one to be strictly C-M-C or M-C-M, or do you have to have a mixture of both because commodities and money are both needed? Part 1 Use-value vs. exchange-value o Commodity - Anything that satisfies a want or need that is not a necessity o Not a commodity – water from a stream (not a bottle of water), air, something you can make yourself or cannot be bought really o Use value – how long something lasts, what it can do for you Cannot be compared Ex. Hunger versus shoes o Exchange value – how much in terms of the market Things can be compared Ex coat = 2 sets of linen o Use values and exchange values are not related o For Marx, the only way they are comparable is based on their labor The problem is that some workers are more efficient than others He fixes this by putting this in abstract terms or a statistical
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This note was uploaded on 04/18/2008 for the course SOC 302 taught by Professor Fuchs during the Spring '07 term at UVA.

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- The book talks about different problems with exchange of commodities Is it possible to be completely self reliant without having to exchange any

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