Capital bourgeois property use value exchange value

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Unformatted text preview: ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Capitalists get the remainder. CAPITAL = BOURGEOIS PROPERTY Use Value + Exchange Value = Value (which is Socially Necessary Labor Time) THE DUAL CHARACTER OF COMMODITIES Lewis Hine. Girl worker in a Carolina co9on mill 1908 Concrete: Labor produces use-values. Labor makes things. Metabolism. Nature. Qualitatively different (tailor vs. banker vs. professor) Abstract: Labor is worth something: it forms the value of exchanged commodities. Human Labor in the abstract is simple average labor THE DUAL CHARACTER OF LABOR (yet.) DON’T THINK OF WAGES The Dual Character of Labor “On the one hand all labour is, speaking physiologically, an expenditure of human labour power, and in its character of identical abstract human labour, it creates and forms the value of commodities. On the other hand, all labour is the expenditure of human labour power in a special form and with a de inite aim, and in this, its character of concrete useful labour, it produces use values.” THE FORM OF VALUE OR EXCHANGE VALUE Every commodity, whose value it is intended to express, is a useful object of given quanTty, as 15 bushels of corn, or 100 lbs of coffee. And a given quanTty of any commodity contains a definite quanTty of human labour. The value form must therefore not only express value generally, but also value in definite quanTty. Therefore, in the value relaTon of commodity A to commodity B, of the linen to the coat, not only is the laYer, as value in general, made the equal in quality of the linen, but a definite quanTty of coat (1 coat) is made the equivalent of a definite quanTty (20 yards) of linen.The equaTon, 20 yards of linen = 1 coat, or 20 yards of linen are worth one coat, implies that the same quanTty of value substance (congealed labour) is embodied in both; that the two commodiTes have each cost the same amount...
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This note was uploaded on 03/31/2013 for the course GE CLST 21B taught by Professor Porter during the Winter '10 term at UCLA.

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