GGR221H1 Lecture Notes - Lecture 3: Thesis, Antithesis, Synthesis, Commodification, Marketization
5 Feb 2017
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We excahgne money for a commodity, in capitalist economy, the exchange of commodity is seen in a minimum of exchange of capital. Use value = ability to satisfy human want, a natural form, a commodity"s usefulness: we treat them as a value, Exchange value = transactional power social form, a commodity"s social meaning, how we express and treat the exchange value. Turning a thing into a commodity that an be sold on the market. Turning things into a commodity, things we need. Economic and social embedding and disembedding (carl polanyi) When something becomes commodified, that socialy embeds in the market, it makes it something that we make and exchange it. The history of capitalis, the embedding and disembedding. You always turning something else into commodity and putting it in the market. His political economy is abou social lrelations and how they get articulate in the market, what is not part of commodity exchange, to understand better the commodity exchange.
