Download PDF by George Catephores (auth.): An Introduction to Marxist Economics

By George Catephores (auth.)

This textual content offers an common exposition of the elemental rules of Marxist economics from the important rules of Marx himself throughout the reassessments made by way of next Marxian economists. The paintings is geared toward scholars of Marxist reports and similar courses.

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Sample text

Use-value (for others) is obviously a condition for the existence of exchangevalue, while the latter is a means towards acquiring use-value (for oneself). The direct aim of a producer in this situation can only be exchange-value. But simple commodity production is in some respects patterned on its reallife counterpart of petty commodity production. Small producers are not in business in order to become rich; even if they have an abstract longing for wealth - their type of activity is not what makes large fortunes.

D) Legal characteristics It was seen above that social intercourse among commodity producers presents an aspect of separateness (in production) and one of association (in exchange). In the legal sphere their separateness is reflected in the institution of private property, their association in the institution of the contract. These two institutions, together with the guarantee of personal freedom offered to their citizens by modern states that have abolished both slavery and economic tutelage over their citizens, make up the backbone of the legal system in societies based on commodity production.

The dual nature of capitalism, both close to and very distant from an economy based on non-capitalist trade, is thus brought strikingly into relief. The concept of simple commodity production A brief discussion of the theoretical status of the concepts associated with simple commodity production may help towards correct appreciation of the results of the method described. Simple commodity production is a semihypothetical, semi-realistic mode of production which, although discussed by Marx in various places, is not included in the list of the 1859 Preface.

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