money economy

seeps like corrosive acid into the old life of rural communities; kinship knew neither money nor debt, and the mortgage respected neither gens nor phratry.

Recast in definition form from: “From here the growing money economy penetrated like corrosive acid into the old traditional life of the rural communities founded on natural economy. The gentile constitution is absolutely irreconcilable with money economy The debtor’s bond and the lien on property (for already the Athenians had invented the mortgage also) respected neither gens nor phratry”

is wrongly defined by labour being bought with money; money bought services long before, without revolutionizing anything — what is new is not that labour-power can be bought but that it appears as a commodity at all.

Recast in definition form from: “… bought, but the fact that labour-power appears as a commodity. …”

money economy, n.Definitions

money economy