Then turning to Shakespeare's works themselves, he examines the key words and ideas with which he depicted the epochal changes through which the English economy was passing--from use-value
to exchange-value--and shows how he subtly adjusted their meanings to fit new circumstances and phenomena.
The first is written in a dense Marxist argot that focuses on the "real subsumption" of use-value
into circuits of exchange.
No matter how malevolent our art, the receiving side always seems to assign it a use-value
so that rather than producing schisms in the network, what we make more often produces a method by which schisms can be closed.
Real wealth or use-value
is anything that satisfies human needs, whereas value is the specific social representation of use-value
Is it the title of one's works, institutional affiliations, or use-value
for other rhetoricians?" (1).
The life span, or durability, of every non-perishable item is a multiplier of its use-value
. This applies to all non-perishable items, houses, tools, clothes, razors and any other items that can be made to last longer or be used more than once.
depart from a worldview of "use-value
But this means that all inputs and outputs of production must be securely commodified, so that capital can achieve the indifference to use-value
that is required by its single-minded focus on profit expansion.
True, there was more "stuff" available than before, and Korda persuasively argues that more of it comprised "luxury goods" (21) and that beyond simple use-value
, household stuff served a "civilizing function" (19).
This calculus of enjoyment reflected a subtle revision of use-value
. In analyzing toy consumption, we cannot simply disregard use-value
as some suggest.
This overlaps with the process of transition from use-value
to commodity production.
But Aristotle had argued that use-value
and exchange-value are metaphysically distinct as quality and quantity (in Nicomachean Ethics 5.5, which Booth does not consider in any detail), and that the pursuit of one is incompatible with the pursuit of the other (which Booth largely ignores in his account of Politics 1).