Use-Value and Value
a unity of use-value and value; useful, social objects that are transferred via exchange
What is a commodity?
The simplest form/ unit of measurement of human labor
the most reduced value-form expression, expresses only the value relation between 2 commodities
What is the simple value form?
two classes of people in pre-capitalistic society that benefited off of other peoples labor.
Who are slave owners? Who are feudal lords?
The quantitative assessment of value?
What is the number of human labor hours?
The total amount of labor-time required to produce any given commodity, using the currently existing socially normal production conditions and the socially average degree of skill and intensity of labor
What is socially necessary labor-time?
a long list of simple value-forms, keeping the relative value-form commodity fixed
What is the expanded-value form?
this refers to the reverse logic in which commodities appear to people
Bonus: +300 if you can explain this in detail.
What is the fetish character of the commodity?
the qualitative assessment of a use value
What is the usefulness of a thing?
this describes how effective a given labor is, and is measured in units of the number of use-values produced per unit of social labor-time (for example: 3 tables per 1 labor-hour). It is determined by 5 things.
What is the productive power of labor?
the general value-form using the socially agreed upon specific commodity body, in this text, will assume the form of gold
What is the money-form?
The qualitative assessment of value
What is Human labor that is uniform?
The quantitative assessment of a use-value
What is the number of use-values?
the particular labor that corresponds to the production of a particular use-value
What is concrete labor?
the expanded value-form in reverse
What is the general value-form?
the total collection of all useful labors that society wants or needs at a given time and place
What is the social division of labor?
a ratio of exchange between two different commodities; the outward expression of value
What is exchange value?
Society is split up into two classes.
Who are those who purchase labor power and those who sell their labor power?
This arises when use-value and value are too closely connected.
What is the general-equivalent?
this always consists of use-values, no matter what type of societal organization they are produced under
What is the material content of wealth?