Use-value
An itemβs USE-VALUE is how it is used. The use-value of bread is that it provides nourishment. The use-value of a chair is that it can be sat upon. And so on
β [[A People's Guide to Capitalism]]
Regardless of whether that item is sold on a market, it still has a use-value if it is useful to someone
β [[A People's Guide to Capitalism]]
The changing and often subjective βutilityβ of commodities is one of the reasons why it cannot be the determinant of how much something is worth on the market
β [[A People's Guide to Capitalism]]
Even accounting for average needs, or in cases where the hierarchy of utility is more fixed, it makes no sense as a measure of exchange-value. If it were, bread would be more expensive than cars, and certainly more so than diamonds
β [[A People's Guide to Capitalism]]
While you or I are primarily concerned with the use-value of items, whether we can sit on a chair or on a loaf of bread, a capitalist does not care what an itemβs use is, so long as it will make him money
β [[A People's Guide to Capitalism]]
- public document at doc.anagora.org/use-value
- video call at meet.jit.si/use-value
2021 10 17
digital garden
exchange value
in natura planning
talking to my daughter about the economy
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