There is no reason to think of the commodity form emerging historically before the money form. To the degree that we see the first, we will see the second, or reasons why the emergence of money is suppressed in the concrete situation. ... There are numerous reasons why, in any given exchange, a commodity might exchange for an amount of money representing either a larger or smaller amount of labor time than is actually embodied in the commodity. ... Money is a form of value, in fact the only pure form of value we ever see, since every commodity exchanges under special circumstances that tend to...

• Word Count: 5092
• Approx Pages: 20
• Grade Level: Undergraduate

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states an...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate