POLISCI 111 Lecture Notes - Lecture 6: Highland Clearances, Primitive Accumulation Of Capital, Commodity Money
9 Aug 2016
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Politics: who gets what when where and how! Ie. us has capitalist society, economy is organized by markets! Allows for storage of surplus value in terms of money! Commodities: things that are for sale on the market! Non capitalist commodity exchange: commodity money commodity ! Capitalist commodity exchange: money commodity money (1)! Marx: surplus value! use value - exchange value = surplus value! Differnece is that in capitalist exchange, money is getting used to get more capital! Use value: amount of money you can sell something on the market for! Exchange value: how much money it costs to get that thing on the market! Ex. costs starbucks to produce 1 lb, consumer buys for , surplus = ! market price - labor cost = yield (pro t)! Between capital > money > capital > surplus value, repeat! If you only have enough to get by, you don"t have surplus value!
