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Question 1 What did Marx mean with his formu - University of Utah

Question 1 What did Marx mean with his formu - University of Utah

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U <strong>of</strong> <strong>Utah</strong> Econ 5080 2005fa 95<br />

Exam <strong>Question</strong> 148 is 114 in 2001fa, 124 in 2002fa, and 144 in 2004fa:<br />

Exam <strong>Question</strong> 148 Why is the simple value expression asymmetric between coat and<br />

linen?<br />

[612] Gza: graded A extra credit test question. Since we cannot see value because it is<br />

congealed and not materialized, we have to look for an expression <strong>of</strong> value that can allow<br />

comparison for potential exchange. We cannot say that the coat and the linen are inherently<br />

(innately or tacitly) equal since they are not the same. However, as <strong>Marx</strong> illustrates in<br />

<strong>his</strong> expression we can see the value <strong>of</strong> one as in the body <strong>of</strong> the other; the linen in/to the<br />

coat. <strong>What</strong> is key in asymmetric expression is to be aware what a commodity’s value is in<br />

exchange for other commodities. Constructing an expression that allows comparative value<br />

to be explicitly materialized in discourse allows trade to engage in a systemic context <strong>of</strong><br />

equal value. T<strong>his</strong> is essential because one does not trade equal/same commodities. In <strong>his</strong><br />

simple form, <strong>Marx</strong> utilizes one equation: x=a, where a is the equivalent and x is the relative.<br />

The expanded form takes t<strong>his</strong> expression and adds other commodities where all possible<br />

commodities are equated to a single commodity such as linen. Thus, x=a; y=a; z=a, and so<br />

on where a is the equivalent and x,y,z are the relative. The general form allows the role <strong>of</strong><br />

the relative and equivalent to reverse or switch.<br />

Message [612] referenced by [629] and [631]. Next Message by Gza is [821].<br />

[629] Michael: A note on GZA’s answer. GZA,<br />

In your answer [612] the expanded form is crossed up <strong>with</strong> the general form: Your equations<br />

x=a, y=a,..., actually correspond to the general form. One expresses the expanded form<br />

<strong>of</strong> value <strong>of</strong> one commodity “z” as z=a, z=b, z=c, ..., and so on for all the various commodities<br />

which are exchangeable <strong>with</strong> z (<strong>of</strong> course, in explicit proportions).<br />

As you suggested, the simple form <strong>of</strong> value <strong>of</strong> one commodity, in t<strong>his</strong> case z, expresses<br />

the value <strong>of</strong> z in terms <strong>of</strong> the use-value <strong>of</strong> a. So, in the expanded form, which is the simple<br />

form extended, the value <strong>of</strong> z is expressed in terms <strong>of</strong> each <strong>of</strong> the use-values a, b, c, ....<br />

That is, there is no unique commodity (except trivially, where z can only be traded for a)<br />

that assumes the role <strong>of</strong> equivalent in the expanded form. In the general form it’s just the<br />

opposite: Every commodity which assumed the role <strong>of</strong> equivalent in the expanded form now<br />

assumes the role <strong>of</strong> relative form. That is, now the values <strong>of</strong> each <strong>of</strong> commodities a, b, c, ...<br />

are being expressed in terms <strong>of</strong> one use value–z.<br />

One asymmetry in the simple form <strong>of</strong> expression a=x is that commodity a is expressing its<br />

value in terms <strong>of</strong> a use-value–x. But as t<strong>his</strong> expression stands we cannot speak <strong>of</strong> the value<br />

<strong>of</strong> x, because here x is value–is value materialized. (Likewise, if gold is in the equivalent<br />

form it wouldn’t make sense to ask: what is the value <strong>of</strong> w amount <strong>of</strong> gold? But we could<br />

ask: what is the value <strong>of</strong> gold in terms <strong>of</strong>, say, silver? But in that case the silver would be<br />

playing the role <strong>of</strong> equivalent, while gold would be in the relative form.)<br />

So there is an asymmetry inherent in the expression a=x: one (and only one) commodity is<br />

considered only as a value, while the other is considered only as a use-value. Then reversing<br />

the equation just reverses those roles.<br />

Message [629] referenced by [631]. Next Message by Michael is [686].<br />

96 2005fa Econ 5080 U <strong>of</strong> <strong>Utah</strong><br />

[631] Hans: Asymmetry in theory and practice. Gza’s [612] is an excellent answer;<br />

there is a little error at the end <strong>with</strong> the expanded form <strong>of</strong> value, <strong>with</strong> Michael corrects in<br />

[629].<br />

Gza, Michael, and <strong>Marx</strong> himself make a very abstract argument: they explore what it<br />

<strong>mean</strong>s to say that x amount <strong>of</strong> commodity a is worth y amount <strong>of</strong> commodity b, and they<br />

conclude that t<strong>his</strong> <strong>mean</strong>ing is asymmetric.<br />

In the Annotations I tried a more concrete approach which places t<strong>his</strong> abstract value<br />

statement into a practical context. I view the situation as follows: If linen weaver and tailor<br />

exchange 20 yards <strong>of</strong> linen for one coat, then the linen weaver “says” through t<strong>his</strong> transaction<br />

that the 20 yards <strong>of</strong> linen are worth one coat for her, and the tailor says that <strong>his</strong> coat is worth<br />

20 yards <strong>of</strong> linen for him. The asymmetry <strong>of</strong> the simple form <strong>of</strong> value comes therefore from<br />

the fact that the two parties in an exchange have different views <strong>of</strong> t<strong>his</strong> exchange and pursue<br />

different goals <strong>with</strong> it.<br />

The answer which I was aiming for was therefore: the simple form <strong>of</strong> value is asymmetric<br />

because the two parties in an exchange pursue different goals in t<strong>his</strong> exchange. T<strong>his</strong> is by no<br />

<strong>mean</strong>s the only way to answer t<strong>his</strong> question, but I think it provides a helpful perspective for<br />

the understanding <strong>of</strong> the whole section 3 <strong>of</strong> chapter One.<br />

Next Message by Hans is [647].<br />

<strong>Question</strong> 150 is 85 in 1995ut, 87 in 1996sp, 88 in 1996ut, 94 in 1997WI, 92 in 1997ut, 99<br />

in 1998WI, 107 in 1999SP, 134 in 2003fa, 170 in 2007fa, and 182 in 2009fa:<br />

<strong>Question</strong> 150 In the Simple or Accidental form <strong>of</strong> value, which commodity plays an active<br />

role, and which a passive role? Explain what it <strong>mean</strong>s in t<strong>his</strong> situation to be active or<br />

passive.<br />

[338] Keltose: (graded C) Until now I have never thought <strong>of</strong> a commodity playing an<br />

active or passive role in economics. Hans makes a great point, “T<strong>his</strong> is why <strong>Marx</strong> says<br />

that the value <strong>of</strong> the linen is expressed in the ‘use-value’ <strong>of</strong> the coat.” (86) When thinking<br />

about that I believe that the linen in t<strong>his</strong> example plays the passive role, and the coat being<br />

active. The coat is being used, and therefore has the value because <strong>of</strong> its use. The linen is<br />

passive because it can create other uses and values by way <strong>of</strong> the tailer into other goods, (i.e.<br />

blankets, socks). The use-value and the active role is being played by the finished and used<br />

good. T<strong>his</strong> seems only relevant to exchange goods. If there were some use and value in<br />

plain linen, then there would be nothing to compare in exchange. <strong>Marx</strong> explains, “The same<br />

commodity cannot, therefore, simultaneously appear in both forms in the same expression<br />

<strong>of</strong> value.” (86)<br />

Hans: You are making the mistake against which I warned in [73].<br />

Next Message by Keltose is [340].<br />

<strong>Question</strong> 158 <strong>Marx</strong> says that the human labor accumulated in the coat is not visible in the<br />

coat. Is t<strong>his</strong> not obviously wrong? Everybody who sees a coat knows that it is a product <strong>of</strong><br />

human labor, t<strong>his</strong> coat would not exist <strong>with</strong>out the human labor that produced it.

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