A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
Direct barter, the original natural form of exchange, represents rather
the beginning of the transformation of use-values into commodities,
than that of commodities into money. Exchange value has as yet no
form of its own, but is still directly bound up with use-value. This
is manifested in two ways. Production, in its entire organization,
aims at the creation of use-values and not of exchange values, and
it is only when their supply exceeds the measure of consumption that
use-values cease to be use-values, and become means of exchange,
i. e., commodities. At the same time, they become commodities only
within the limits of being direct use-values distributed at opposite
poles, so that the commodities to be exchanged by their possessors
must be use-values to both,―each commodity to its non-possessor. As a
matter of fact, the exchange of commodities originates not within the
primitive communities,[14] but where they end, on their borders at the
few points, where they come in contact with other communities. That is
where barter begins, and from here it strikes back into the interior
of the community, decomposing it. The various use-values which first
become commodities in the barter between different communities, such
as slaves, cattle, metals, constitute therefore in most cases the
first money within those communities themselves. We have seen how
the exchange value of a commodity is manifested the more perfectly
as exchange value, the longer the series of its equivalents or the
_greater_ the sphere of exchange of that commodity. With the gradual
expansion of barter, the increase in the number of exchanges, and
the growing diversification of the commodities drawn into exchange,
commodities develop into exchange values, which leads to the formation
of money and has a destructive effect on direct barter. The economists
are in the habit of ascribing the origin of money to the difficulties
which are encountered in the way of extensive barter, but they forget
that these difficulties arise from the development of exchange value
and from the fact that social labor becomes universal labor. E. g.,
commodities as use-values can not be subdivided at will, a property
which they should possess as exchange values. Or, a commodity belonging
to A may be a use-value to B, while the commodity belonging to B may
not have any use-value to A. Or the owners of the commodities may
need each other’s indivisible goods in unequal proportions. In other
words, under the pretence of analyzing simple barter, economists
bring out certain aspects of the contradiction which is inherent in
commodities as entities simultaneously embodying both use-value and
exchange value. On the other hand, they consistently cling to the
idea that barter is the natural form of exchange, which suffers only
from certain technical difficulties, for which money is a cunningly
devised expedient. Arguing from this perfectly superficial view, an
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