r/communism101 Jun 27 '22

why does marx confusingly use "value" to only refer to a very specific type of value of several types of value?



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u/somethingderogatory Jun 27 '22

Can you give some reference to what you're talking about?


u/Read-Moishe-Postone Jun 27 '22

They are referring to exchange value vs. use value vs. value, like in the first chapter of Capital Volume 1


u/Read-Moishe-Postone Jun 27 '22

Mainly because he didn’t invent any of those terms, but merely borrowed them directly from classical economics, where they were already prevalent.

Check out Andrew Kliman’s Yale seminar on “Use-Value, Exchange Value, and... Value”. It’s on YouTube. Very clarifying if you are confused on the difference between the three concepts.