A Contribution to the Critique of Political EconomyMarx, Karl
Philosophy
A Contribution to the Critique of Political Economy
Marx, Karl
Economics; Marxian economics
The owners of commodities entered the sphere of circulation simply
as guardians of commodities. Within that sphere they confront each
other in the opposite roles of buyer and seller, one as a personified
sugar-loaf, the other as personified gold. As soon as the sugar-loaf
is turned into gold, the seller becomes a buyer. These definite social
functions are no outgrowths of human nature, but are the products
of relations of exchange between men who produce their goods in the
form of commodities. They are so far from being purely individual
relations between buyer and seller that both enter this relation
only to the extent that their individual labor is disregarded and
is turned into money as labor of _no_ individual. Just as it is,
therefore, childish to consider these economic bourgeois roles of
buyer and seller as eternal social forms of human individuality, so it
is on the other hand, preposterous to lament in them the extinction
of individuality.[68] They are the necessary manifestations of
individuality at a certain stage of the social system of production.
Moreover, in the opposition of buyer and seller the antagonistic nature
of capitalistic production is expressed as yet so superficially
and as mere matter of form, that this opposition belongs also to
precapitalistic forms of society, since it merely requires that
the mutual relations of individuals should be those of owners of
commodities.
Now, if we consider the result of C―M―C, it comes down to mere
interchange of matter, C―C. A commodity has been exchanged for a
commodity, a use-value for a use-value, and the transformation of the
commodity into money, or the commodity in its form of money, serves
merely as a means of effecting this interchange of matter. Money thus
appears merely as a _medium of exchange_ of commodities; not as a
medium of exchange in general, but as a means of exchange in the sphere
of circulation, i. e., a _medium of circulation_.[69]
Public-domain text, read in full here on John Shaqi.
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