A Contribution to the Critique of Political Economy — John Shaqi
A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
is not a symbol, no more than the commodity aspect of a use-value
is a symbol. That a social relation of production takes the form of
an object existing outside of individuals, and that the definite
relations into which individuals enter in the process of production
carried on in society, assume the form of specific properties of a
thing, is a perversion and by no means imaginary, but prosaically real,
mystification marking all social forms of labor which creates exchange
value. In money this mystification appears only more strikingly than in
commodities.
The necessary physical properties of the particular commodity in which
the money form of all other commodities is to be crystallized―as far
as they are directly determined by the nature of exchange value―are:
divisibility to any desired extent, homogeneity of its parts, and
uniformity of all the specimens of the commodity. As an embodiment
of universal labor-time it must be homogeneous in its structure
and capable of representing only quantitative differences. Another
necessary property is durability of its use-value, as it must last
through the process of exchange. The precious metals excel in these
qualities. Money not being a result of a scheme or agreement, but
having been produced instinctively in the process of exchange, a great
variety of more or less unsuited commodities had successively performed
its functions. At a certain stage of development of the process
of exchange, the necessity arises for a polar distribution of the
functions of exchange value and use-value among commodities, so that
one commodity e. g. should act as a medium of exchange, while another
is being alienated as a use-value. This necessity brings it about that
one or even several commodities possessing the most generally accepted
use-value, begin, incidentally at first, to play the part of money.
Even if not direct means of satisfying existing wants, their being the
most considerable material constituent part of wealth, insures to them
a more general character than to the other use-values.
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