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Money as a Symbol of Alienation in Capitalist Society

In: Marx’s Grundrisse

Author

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  • David McLellan

    (University of Kent)

Abstract

The process is thus simply that the product becomes a commodity, that is, a pure element of exchange. Commodities are converted into exchange value. So that it can be identified as exchange value, it is exchanged for a symbol, which represents it as exchange value properly so called. In this symbolic form it can again be exchanged, under certain conditions, for any other goods. When the product becomes a commodity, and the commodity becomes exchange value, it possesses (ideally at first) a double existence. This ideal dual identity necessarily means that the commodity appears in a dual form when actually exchanged: as a natural product on the one hand, as an exchange value on the other. In other words, its exchange value has a material existence, apart from the product.

Suggested Citation

  • David McLellan, 1980. "Money as a Symbol of Alienation in Capitalist Society," Palgrave Macmillan Books, in: David McLellan (ed.), Marx’s Grundrisse, edition 0, chapter 3, pages 59-64, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05221-9_4
    DOI: 10.1007/978-1-349-05221-9_4
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