Marxs Theory Of Money

Marxs Theory Of Money The Theory of Money and the Theory of economic judge The most important point to emerge from Marxs theory of funds is the composition that money is a form of value. The difficulty with this idea is that we are more familiar with money itself than with value in separate forms. But value does appear in forms other than money. For example, the balance sheet of a capitalist firm estimates the value of goods in process and of fixed capital which has not merely been depreciated, as well as the value of inventories of finished commodities awaiting sale.

all(prenominal) of these aggregations of commodities has a value, usually expressed as the equivalent of a certain amount of money, but it is clear that neither goods in process nor fixed capital is money. Marx views the value of commodities in this gumption as analytically prior to money; money quarter be explained according to Marx only on the basis of an perceptiveness of the value of commodities. Marx follows Smith in regarding value as the property...If you regard to get a full essay, order it on our website: Ordercustompaper.com

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