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Exchange Value
(redirected from 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.
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Commodity sales increase the amount of exchange-value owned by capitalists, yielding profit and thus helping them accumulate capital.
Karl Marx's guide to the end of capitalism: a primer by guardian.co.uk / guardian.co.uk
Deeply held principles or ideals: the 10 key Green values * Inherent worth: Deep Ecology's "intrinsic value" * Monetary worth: the market valuation of a commodity or other asset * Utility: the consumer's subjective valuation of a commodity * The basis for prices in a capitalist economy: Marx's exchange-value The above list does not include the additional meanings that--in my view--the term should have within an economic framework based on the needs of humankind and the limits of nature.
Ecology, value, and Marx by Rotering, Frank / Synthesis/Regeneration
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 editor, Synthesis/Regeneration by Rotering, Frank / Synthesis/Regeneration
 
 
 
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