A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
[39] True, Aristotle sees that the exchange value of commodities
underlies their prices: “ὅτι ὴ ἀλλαγη ἥν πρὶν τὸ νόμισμα ἔιναι, ὁῆλον·
διαφέρει γὰρ οὐδὲν ἡ εί κλίναι πέντε ἀντι οἰκίας, ἣ ὅσου αὶ πέντε
κλῖναι.” (“It is clear that exchange existed before coin. For it does not
make any difference whether you give five beds for a house, or as much
money as five beds are worth”). On the other hand, since commodities
acquire only in price the form of exchange value with respect to one
another, he makes them commensurable through money. “Διὸ δεῖ πάντα
τετιμῆσθαι· οὕτω γὰρ ἀεὶ ἔσται ἀλλαγὴ, εἰ δὲ τοῦτο, κοινωνία. Τὸ δὴ
νόμισμα ὥσπερ μέτρον σύμμετρα ποιῆσαν ἰσάζει, οὔτε γὰρ ἃν μὴ οὔσης
ἀλλαγῆς κοινωνία ἡν, ὄυτ’ ἀλλαγὴ ἰσότητος μὴ οὔτ’ἰσότης, μὴ οὔσης
συμμετρίας.” (“Therefore all has to be appraised. In that way exchange
may always take place, and, with it, society can exist. Coin, like
measure, makes everything commensurable and equal, for without exchange
there would be no society, without equality there would be no exchange,
and without commensurability, no equality.”) He does not conceal from
himself that these different objects measured by money are entirely
incommensurable quantities. What he is after is the common unit of
commodities as exchange values, which as an ancient Greek he was unable
to find. He gets out of the difficulty by making commensurable through
money what is in itself incommensurable, so far as it is necessary for
practical purposes. “Τῇ μὲν οὔν ἀληθείᾳ ἀδύνατον τὰ τοσοῦτον διαφέροντα
σύμμετρα γενέσθαι, πρὸς δὲ τὴν χρείαν ἐνδέχεται ἰκανῶς.” (“In truth
it is impossible to make things that are so different, commensurable,
but for practical purposes it is permissible.”) Aristotle, Ethica
Nicomachea. l. 5, c. 8, edit. Bekkeri. Oxonii, 1837.
[40] The peculiar circumstance that, while the ounce of gold serves
in England as the unit of the standard of money, it is not divided
into aliquot parts has been explained as follows: “Our coinage was
originally adapted to the employment of silver only―hence an ounce of
silver can always be divided into a certain adequate number of pieces
of coin; but as gold was introduced at a later period into a coinage
adapted only to silver, an ounce of gold cannot be coined into an
adequate number of pieces.” Maclaren: “A Sketch of the History of the
Currency,” p. 16, London, 1858.
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