exchange value

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And a clean, green capitalism is not at all incongruent with high rates of occupational disease, sweatshop labor, sleep deprivation, obesity, stress, food insecurity, housing insecurity, homelessness, mass indebtedness, mass incarceration, and the other systemic problems that arise from a political-economic system that prioritizes exchange-value over use-value.
In the words of Adam Smith--and other economists, such as Marx--this political economic system produces goods and services for their exchange-value, not for their use-value.
In writing that '[c]apital is not a thing but exists only in motion' (Harvey, 2010a: 40), Harvey sidelines the things that are moving through the production process where they shift from one use-value to another as bearers of additional exchange-value.
Although use-values are the 'material shell' of exchange-values, the latter 'do not contain an atom of use-value' because exchange-value 'can have no more natural content than has, for example, the rate of exchange' and, like 'weight', is a quality which no chemist or physicist can extract (Marx, 1976: 167n.
In A Contribution to the Critique of Political Economy, Marx writes: "it is a characteristic feature of labour which posits exchange-value that it causes the social relations of individuals to appear in the perverted form of a social relation between things" (34).
The basis for prices in a capitalist economy: Marx's exchange-value
Indeed, Barney's sculptures are nor props (a word that still operates in terms of use-value, not the exchange-value of Barney's links in the chain).
Benjamin Franklin, he says, is the first to assert explicitly that labour-time is the source of exchange-value, but Franklin did not understand the precise relation between money and labour.
But Aristotle had argued that use-value and exchange-value are metaphysically distinct as quality and quantity (in Nicomachean Ethics 5.
3) Sir Erich Roll writes of 1257a6-13 that `in these words, Aristotle laid the foundation of the distinction between use-value and exchange-value, which has remained a part of economic thought to the present day', A History of Economic Thought (London, 1961), pp.
Standard economists frequently confuse use-value and exchange-value, largely to mystify the workings of capitalism, but we should not permit this among ourselves.
The rush from production in a third-world country to distribution in the first, and from the production exchange-value to a brief performance of use-value and imminent dismissal as detritus in ever-decreasing temporal cycles, seems have become the universal condition of the commodity Hirschhorn's artistic practice mimetically follows.