Value Theory - The exchange value of a commodity is actually the socially standardized use value.

Author: Yang Fangzhou
Publisher:
Publish Date: 2006-11-01
Features: This book inherits the dialectical analytical method of Marx's Capital and traditional Chinese philosophical thought, providing a thorough discussion on the unity and opposition of desire and utility in their specific and general forms, the unity and opposition between social desire/utility and individual desire/utility, the unity and opposition between use value and exchange value, as well as the unity and opposition between the objective form and subjective content of use value. It can be said that the theoretical rigor and clarity of this book are precisely due to its dialectical analytical method. The book not only argues for exchange value from the inside out based on use value but also adopts Marx's value-form analysis method, demonstrating from the surface to the inside that the equality of exchange value in commodity exchange is the equality of its social standard use value. It also clearly elucidates the equilibrium law of mutual regulation between commodity supply and demand and exchange value, as the "invisible hand" of the market, where the internal reason is actually the principle of equivalent exchange that makes use value equal to exchange value to achieve maximum exchange quantity and benefit. The book includes: the raising of the issue, the use value of commodities, the form of exchange value and the development process of exchange, supplementary studies on human desire, etc.