Use Value

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Use Value

The satisfaction derived from a commodity. That is, use value is the ability of a commodity to extinguish a want. The concept dates at least to Aristotle, but is used most commonly in Marxist economics. It is analogous to utility in neoclassical economics. It differs from exchange value in that use value measures quality while exchange value measures quantity.
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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 under capitalism.
Is it the title of one's works, institutional affiliations, or use-value for other rhetoricians?
The life span, or durability, of every non-perishable item is a multiplier of its use-value.
Robert Paehlke defines the use-value paradigm as one in which "the
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).
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.