1. The Theory Of Money And The Theory Of Value
... . They both maintain what I think is the core of that theory, the idea that money is a form of value. We could, as a first line of thought, argue that Marx failed to analyze systematically a contradiction inherent in his system. There are two determinations of the value of money in Marx The first shows money in its aspect as the expression of abstract labor. In this determination ... the value of money is the amount of abstract labor time represented by a unit of money: so many hours ... in a particular commodity (say, gold) and regulating exactly the fineness and the standards of weight...
- Word Count: 5092
- Approx Pages: 20
- Grade Level: Undergraduate