Questions and concepts for session 4 (Friday 16th, 18:00).

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?

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