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Money and the Form of Value

In: The Constitution of Capital

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  • Christopher J. Arthur

Abstract

In the Preface to the first edition of Capital, Marx drew attention to the fact that the chapter on the commodity, and, more especially, the section on the form of value, is the most difficult (89–90).1 Yet this section is, Marx told Engels, ‘decisive’ for the whole book.2 In this chapter he felt compelled to ‘popularize’ the presentation of certain topics. But the intrinsic difficulty of the section on the form of value prevented this, not because it is complex; rather ‘the value-form, whose fully developed shape is the money-form, is very simple and bare of content’3 (90). The trouble is that it pertains to the most abstract issues of all in ‘the analysis of economic forms’, including the nature of money.

Suggested Citation

  • Christopher J. Arthur, 2004. "Money and the Form of Value," Palgrave Macmillan Books, in: Riccardo Bellofiore & Nicola Taylor (ed.), The Constitution of Capital, chapter 2, pages 35-62, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3864-0_2
    DOI: 10.1057/9781403938640_2
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