Marx's Theory Of Money

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Title: Marx's Theory Of Money

Essay Details:

Subject: Miscellaneous

Author: Marie C

Date: September 21, 2014

Level: University

Grade: A

Length: 17 / 5097

Essay text:

Each of these aggregations of commodities has a value, usually expressed as the equivalent of a certain amount of money, but it is clear that neither goods in process nor fixed capital is money. Marx views the value of commodities 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, to satisfy particular human needs and wants; and second, to exchange for other products...

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