Exchange Value


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Exchange Value

The theoretical value of a commodity if it were to be traded. In Marxist economics, this is similar to but distinct from the concept of price, which is a money value of a commodity in a transaction. It differs from use value in that use value measures quality while exchange value measures quantity.
References in periodicals archive ?
The stability of the pound's exchange value has not benefited ordinary Egyptians as its purchasing power has been eaten up by an increasing inflation rate," says Al-Dafrawy.
Haji Muhammad Rafi Azimi, a moneychanger at the Shahzada market, said the exchange value of one dollar was 49.
Under the conditions of capitalist production, exchange value becomes the most important factor in the ways human beings relate to one another.
One senses from Labaree's frequent use of the terms use value and exchange value that he would prefer a society in which market values were not so dominant and education for its intrinsic worth was more desired and respected.
I do not agree with your opinion on the current exchange value of the dollar ("In Defense of the Dollar," January/February 2005).
In addition, the absence of negotiations between family members over price or terms is not a compelling factor in a determination as to whether a sale is bona fide, particularly when the exchange value is set by objective factors.
Once a country holds a foreign exchange portfolio, it can sell it to defend its currency's exchange value, an important ability in an international financial crisis.
Measured against the euro, at one point during the spring they had lost over $100 billion in exchange value.
Traherne contends that exchange value is idolatrous, contra Locke, Barbon, and Petty, who posit that exchange value is as authentic as use value.
Week 3: Germinal, Part II (explicate chapters 3 & 5) Metaphors of capital versus labor; reification of the workers; doubt, faith, will, and reasoning of the miners and capitalists in the face of the social, political, and economic issues confronting them; comparison with Balzac's realism and distinction between Zola's "morality in action" ("morale en action") and the Balzacian character's "stock exchange value on moral principles" ("morale en actions")
An Afghan official in southern Afghanistan responsible for circulation of new Afghan notes discounted speculation the Afghani would be demonetized, but he admitted the new notes will have a higher exchange value.
Adorno describes the process by which a cultural commodity (a combination of 'use value' and 'exchange value') may become fetishized for its exchange value as this is prioritized over use value.