SOC 385 Lecture Notes - Lecture 5: Max Stirner, Fredric Jameson, Antonio Gramsci
Document Summary
A commodity is something produced for sale on the market. Marx defines a commodity as any object that combines use-value and. Use value is the ability of some object to satisfy a want or need (cid:523)i. e. , its (cid:498)utility(cid:499)(cid:524). Exchange value refers to the property of an object of being exchangeable for some other object. In order to exchange, objects which are qualitatively different from each other must have some common metric. Value is defined as socially necessary labor time: labor necessary to produce the. This common metric is value. commodity under (cid:498)average(cid:499) conditions. The implication is that labor is the source of all value. Actors engage in a form of fetishism in exchange. To fetishize something means to treat what is a social relationship as a. Discussion of commodity fetishism is noteworthy for a number of reasons: relation between things. Rationale for focusing on production rather than exchange. Marx uses capital in a very specific way.
