Marx

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Title: Marx

Essay Details:

Subject: Social Issues

Author: Celia H

Date: August 2, 2014

Level: University

Grade: A

Length: 18 / 5106

Essay text:

For example, the balance sheet of a capitalist firm estimates the value of goods in process and of fixed capital which has not yet been depreciated, as well as the value of inventories of finished commodities awaiting sale. 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...

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