Questions to consider when reading sections 3 and 4 of Chapter I.
– What are the three peculiarities of the equivalent form of value?
– What is the defect in the total or expanded form of value?
– Explain: “Gold confronts the other commodities as money only because it previously confronted them as a commodity.” (p.162) What determines the value of gold?
– Where does the mystical character of commodities arise from?
– Is exchange-value a physical attribute of a commodity? What about value?
– How does the law of value assert itself?
– Explain: “Pre-bourgeois forms of the social organisation of production are treated by political economy in much the same way as the Fathers of the Church treated pre-Christian religions.” (p.175) Did value exist in pre-bourgeois economies?