Simple Exchange v. Developed Exchange

Adalbert G. Lallier
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Adalbert G. Lallier: Concordia University

Chapter 6 in The Economics of Marx’s Grundrisse, 1989, pp 91-125 from Palgrave Macmillan

Abstract: Abstract The process of value creation includes preservation of the prior value, as well as its multiplication. How, asks Marx, can higher exchange value originate out of circulation itself if in simple circulation only equivalents exchange? He answers: the higher exchange value must have entered circulation as higher exchange value.1

Keywords: Labour Productivity; Foreign Trade; Productive Force; Labour Time; Surplus Labour (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-20171-6_7

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