Money as Presented in the Grundrisse
Baronian, Laurent
Money as Presented in the Grundrisse - 2011.
23
The chapter on money in the Grundrisse shows clearly that the presentation of the nature, properties, and functions of money is opposed to the monetary theory of utopian socialism. Marx demonstrates easily that exchange value spontaneously objectifies itself in currency as distinct from commodity; but only when he establishes that the distribution of work is mediated by the exchange of work product under the commodity mode of production, to reveal the confusion at the core of Proudhonian reform between exchange of active work and of work products; thus the necessity that money embodies itself in a specific commodity.
Money as Presented in the Grundrisse - 2011.
23
The chapter on money in the Grundrisse shows clearly that the presentation of the nature, properties, and functions of money is opposed to the monetary theory of utopian socialism. Marx demonstrates easily that exchange value spontaneously objectifies itself in currency as distinct from commodity; but only when he establishes that the distribution of work is mediated by the exchange of work product under the commodity mode of production, to reveal the confusion at the core of Proudhonian reform between exchange of active work and of work products; thus the necessity that money embodies itself in a specific commodity.
Réseaux sociaux