1. The Theory Of Money And The Theory Of Value
They imply that the value referred to by the labor theory of value is ordinary money value which we use to buy and sell commodities, and which is accounted for in the balance sheets and income statements of capitalist firms. ... In this way the theory of money leads us to an understanding of the object of knowledge of Marx's theory of capitalism: the ordinary money values flowing through capitalist firms and measured on their balance sheets and income statements. Each of the subsidiary categories of Marx's analysis, the value of labor power, variable capital, surplus value, constant ...
- Word Count: 5092
- Approx Pages: 20
- Grade Level: Undergraduate