Category: Philosophy & Ethics
At first sight the wealth of society under the capitalist system presents itself as an immense accumulation of commodities, its unit being a single commodity. But every commodity has a twofold aspect, that of _use value_ and _exchange value_.[2]
In a parliamentary debate on Sir Robert Peel’s Bank Act of 1844 and 1845, Gladstone remarked that not even love has made so many fools of men as the pondering over the nature of...
5. CHAPTER I.At first sight the wealth of society under the capitalist system presents itself as an immense accumulation of commodities, its unit being a single commodity. But every commodit...
7. Book iv., ch. I.[132] The distinction between currency and money is therefore not found in “Wealth of Nations.” Deceived by the apparent impartiality of Adam Smith, who knew his Hume and Steuar...
4. c. World Money 2012. Chapter II. Money or Simple Circulation 731. Chapter I. Commodities 193. c. Coin and Symbols of Value 138