Sunday, January 17, 2010

Exchange-Value in Marx's Capital, Vol. 1

Not feeling too well today and I'm not really able to think (which is an odd feeling). So, I'm posting something I started to write about in November. Just a quick note.

I'm watching and reading along with David Harvey's seminar on Karl Marx's Capital, vol. 1 and we've just come to page 127 (which is actually only at the beginning of the the book) where we are thinking through the exchange value of commodities. Harvey says something to the effect of the commodity is a bearer of value but value is not some kernel within the commodity that if we dissected the the commodity we would see why it has this value in exchange; in effect, we could keep exchanging and exchanging, and so on. This got me thinking about One Red Paperclip. Where a guy does, in fact, exchange a commodity over and over again until he gets himself a house (and a book deal).

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