1. The Theory Of Money And The Theory Of Value
... 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. They have two powers: first, ... . This has confused theoretical debate because it conflates the problem of understanding the general functions of money as a form of value with the problem of analyzing particular forms of money. Marx's General ...
- Word Count: 5092
- Approx Pages: 20
- Grade Level: Undergraduate