A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
Labor, which creates exchange value, is, finally, characterized by the
fact that even the social relations of men appear in the reversed form
of a social relation of things. Only in so far as two use-values are
in a mutual relation of exchange values does the labor of different
persons possess the common property of being identical universal labor.
Hence, if it be correct to say that exchange value is a relation
between persons,[5] it must be added that it is a relation disguised
under a material cover. Just as a pound of iron and a pound of gold
represent the _same_ weight in spite of their different physical and
chemical properties, so do two use-values, as commodities containing
the same quantity of labor-time, represent the _same exchange value_.
Exchange value thus appears as the natural social destination of
use-values, a property which they possess by virtue of being things and
in consequence of which they are exchanged for one another in definite
proportions, or form equivalents, just as chemical elements combine in
certain proportions, forming chemical equivalents. It is only through
the habit of everyday life that we come to think it perfectly plain and
commonplace, that a social relation of production should take on the
form of a thing, so that the relation of persons in their work appears
in the form of a mutual relation between things, and between things
and persons.
In commodities this mystification is as yet very simple. It is more
or less plain to everybody that a relation of commodities as exchange
values is nothing but a mutual relation between persons in their
productive activity. This semblance of simplicity disappears in higher
productive relations. All the illusions in regard to the monetary
system are due to the fact that money is not regarded as something
representing a social relation of production, but as a product of
nature endowed with certain properties. The modern economists who sneer
at the illusions of the monetary system, betray the same illusion
as soon as they have to deal with higher economic forms, as, e. g.,
capital.[6] It breaks forth in their confession of naive surprise, when
what they have just thought to have defined with great difficulty as a
thing suddenly appears as a social relation and then reappears to tease
them again as a thing, before they have barely managed to define it as
a social relation.
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