exchange-value

is a way for marx to explain how the capitalist mode of production managed to extract, out of peoples and histories that were all different, a homogenous and common unit for measuring human activity.

gave marx a way of explaining how the capitalist mode of production managed to extract, out of peoples and histories that were all different, a homogenous and common unit for measuring human activity' (Chakrabarty public culture 12(3):655). . . 'Commodity exchange is about exchanging things that are differenent in their histories, material properties, and uses' (Chakrabarty public culture 12(3):655).

is nothing else but the living labour of man transformed into an alien force submitted on the market to the anonymous laws of exchange. It is man himself in his objectified and alienated form taking the shape of an autonomous anti-human power.

The Grundrisse confirms clearly what may be known from Capital itselfthat the concept of exchange value is a new elaboration of the concept of the alienated product, or rather the integration of the latter into economic theory. Exchange value is nothing else but the 'living labour' of man transformed into an alien force submitted on the market to the anonymous laws of exchange. I t is man himself in his objectified and alienated form taking the shape of an autonomous anti-human power. (kolakowski 'althusser' : 118)

 forms the substance of money, and exchange value is wealth.

Exchange value forms the substance of money, and exchange value is wealth. Karl Marx

is not something that any chemis has every discovered, neither in a pearl or a diamond.

So far no chemist has ever discovered exchange-value either in a pearl or a diamond. Karl Marx

exchange value, n.Definitions

exchange value