Law of Value 7: Production and Exchange by Brendan M. Cooney

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brendanmcooney | February 08, 2011

Law of Value 7: Production and Exchange

Production- Exchange script

We get into trouble anytime we try to understand something in isolation. The true meaning of things exist not buried inside them but in their relation to other things. Take money for instance. The meaning of this rectangular piece of paper covered in strange hieroglyphics can only be understood when we look at the role money plays in the complex coordination of modern capitalist production. Take away capitalist production and this rectangular piece of paper loses its meaning.

If we take away this context of social relations it is impossible to understand what money really is. If we view money in isolation we end up treating all of its social power as if it is a natural property of rectangular pieces of paper. This meaning and power appear not to be specific to a given time and place but universal qualities that exist in all places and all times.

Of course this would be ridiculous. Yet the failure to see things and concepts relationally is par for the course when dealing with bourgeois ideology.

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via Law of Value 7: Production and Exchange « Kapitalism101

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see

Law of Value 1: Introduction by Brendan M. Cooney

Law of Value 2: The Fetishism of Commodities by Brendan M. Cooney

Law of Value 3: Das MudPie by Brendan M. Cooney

Law of Value 4: Use-Value, Exchange Value, Value by Brendan M Cooney

Law of Value 5: Contradiction by Brendan M. Cooney

Law of Value 6: Socially Necessary Labor Time by Brendan M. Cooney

Law of Value 8: Subject/Object by Brendan M. Cooney

Law of Value 9: Abstract Labor by Brendan M. Cooney

Law of Value 10: Price and Value by Brendan M. Cooney