exchange-value

Page 41: At first sight a commodity presented itself to us a complex of two things – use-value and exchange-value.

A Bland and Deadly Courtesy skzbrust 2010

Here we are introducing the term use-value, which becomes important when distinguished from exchange-value.

A Bland and Deadly Courtesy skzbrust 2010

Each of them, so far as it is exchange-value, must therefore be reducible to this third.

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 2 skzbrust 2010

Page 38: We have seen that when commodities are exchanged, their exchange-value manifests itself as something totally independent of their use-value.

A Bland and Deadly Courtesy skzbrust 2010

Instead of one exchange-value, the wheat has, therefore, a great many.

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 2 skzbrust 2010

We now have three concepts: use-value, exchange-value, and value.

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 4 skzbrust 2010

Page 38: We have seen that when commodities are exchanged, their exchange-value manifests itself as something totally independent of their use-value.

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 4 skzbrust 2010

Money in any case, has a use-value, an exchange-value, is interchangable, and was created for exchange.

A Bland and Deadly Courtesy skzbrust 2009

I also understand what he means by exchange-value; that makes sense too.

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 3 skzbrust 2010

We have established the each commodity has the following properties: It satisfies a human want (a use-value), and it can be exchanged for other commodities (exchange-value).

skzbrust: Capital Volume 1 Part 1 Chapter 1 Section 1 Post 3 skzbrust 2010