this post was submitted on 01 Jan 2024
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thank you for the explanation! the emojis really did help 🍎♥️🍌
i know I'm skipping ahead in our reading here, but do we still use the term exchange value when talking about money?
When Marx wants to emphasize that he is talking about money in particular, he will use the term price (exchange value in terms of the money commodity). But he will sometimes write exchange value when that distinction does not matter. He has a helpful tendency to repeat things, so he might say “such and such is the price, or exchange value with respect to money, of so-and-so…”