[Xmca-l] Re: Difference between "Value" and "Exchange Value".

[Huw Lloyd]

Harshard,

First, I should say that most references to Marx's exchange value and use
value on this list pertain to the genesis of mediatory forms in
developmental processes, studied through the technique of dialectics and
also referred to as the germ-cell. See Ilyenkov's "Dialectics of the
Abstract and Concrete in Marx's Capital" for more on this.

The idea of considering different systems of value according to different
sets of conditions seems redolent of JG Bennett's work, who based his
cosmology upon value. To the extent that I have registered his portrayal
faithfully, I would disagree about his situating value and fact in two
different realms. However, to take a leaf from JGB's account one could, for
instance, consider additionally "potential value" as a system of five
conditions, and so on. Hence one might not want to take the label 'value'
designating all these different orders from a particular order. Similarly,
why should one take the transitional affect of "valuing" as the "true
value"? Granted it is a practical necessity in the psychological deployment
of resources, yet this may be looked at as one stepping-stone amongst many.

Do economists take a literal interest in the experience of need? It seems
to me they largely start with its expression (rather than its experience)
as a basis.

Best,
Huw


On Mon, 1 Oct 2018 at 06:03, Harshad Dave <hhdave15@gmail.com> wrote:

> Hi,
>
> Here I copy paste the words/para taken from "Value, Price and Profit" by
> Karl Marx.
>
> *"At first sight it would seem that the value of a commodity is a thing
> quite relative, and not to be settled without considering one commodity in
> its relations to all other commodities. In fact, in speaking of the value,
> the value in exchange of a commodity, we mean the proportional quantities
> in which it exchanges with all other commodities. But then arises the
> question: How are the proportions in which commodities exchange with each
> other regulated? We know from experience that these proportions vary
> infinitely. Taking one single commodity, wheat, for instance, we shall find
> that a quarter of wheat exchanges in almost countless variations of
> proportion with different commodities. Yet, its value remaining always the
> same, whether expressed in silk, gold, or any other commodity, it must be
> something distinct from, and independent of, these different rates of
> exchange with different articles. It must be possible to express, in a very
> different form, these various equations with various commodities.*
> *Besides, if I say a quarter of wheat exchanges with iron in a certain
> proportion, or the value of a quarter of wheat is expressed in a certain
> amount of iron, I say that the value of wheat and its equivalent in iron
> are equal to some third thing, which is neither wheat nor iron, because I
> suppose them to express the same magnitude in two different shapes. Either
> of them, the wheat or the iron, must, therefore, independently of the
> other, be reducible to this third thing which is their common measure."*
>
> If you go through the views of Marx expressed on *Value *while exchanging
> *wheat* against *iron *you will feel that Marx expresses it with
> difficulty. I think this complexity emerges only because economists of the
> time (perhaps even of present time) could not differentiate between
> *value* and *exchange value.* It is a serious mistake to grasp *value*
> through *exchange* *value.* It is the most unfortunate part that the
> word/phrase "*Exchange* *value*" incorporates the word "*Value*" and it,
> perhaps, misleads us.
>
> I have tried to explain exactly this difference in my articles on
> following web links.
>
> I will be thankful if I receive your views on the same.
>
> The Web Links:
>
> [1]
>
>
> Article: "Exchange Value"
>
>
> Journal Link: *http://armgpublishing.sumdu.edu.ua/journals/fmir/current-issue-of-fmir/
> <http://armgpublishing.sumdu.edu.ua/journals/fmir/current-issue-of-fmir/>*
>
>
> Article Link: *http://armgpublishing.sumdu.edu.ua/journals/fmir/volume-2-issue-2/article-6/
> <http://armgpublishing.sumdu.edu.ua/journals/fmir/volume-2-issue-2/article-6/>*
>
> [2]
>
> Article: "The Constitution of Value" [Explained in short]
>
> Short form:
> https://www.academia.edu/35947903/Constitution_of_value_ACADEMIA
>
> Article: "The Constitution of Value" [Explained elaborately]
>
>
> https://www.academia.edu/35885621/An_Introduction_to_the_constitution_of_value._Part_1_Constitution_of_Use_Value_Value_and_Forms_of_Value._Preamble
>
>
> Regards,
>
>
>
> Harshad Dave
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.ucsd.edu/pipermail/xmca-l/attachments/20181001/0b6bdbac/attachment.html