1. The Theory Of Money And The Theory Of Value
... of social arrangements which can perform the functions of money. 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 Equivalent Theory Marx analyzes a particular form of money, the case where a commodity becomes the "general equivalent," the ... common method of expressing the value of all commodities. Marx usually calls this commodity "gold" for short, though it may be any produced commodity. What is problematic in this situation i...
- Word Count: 5092
- Approx Pages: 20
- Grade Level: Undergraduate