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If we start to believe in the difference between use value and exchange value then we'll somersault our way into difficult economic theories rather quickly. It'
by kelseyfrog 3y ago
If we start to believe in the difference between use value and exchange value then we'll somersault our way into difficult economic theories rather quickly. It's best to, instead, say that nothing has value unless it can be purchased, a process by which value is instantaneous reified.
- rightbyte 3y agoThis belief in the invisible hand pricing everything right is silly.
- kelseyfrog 3y agoThe alternative (difference in use value and exchange value) is chapter 1, page 1 of Das Kapital. We have to conclude that children, love, friendship, &c are all valueless because they do not have an exchange value ie: price.