Money in the Grundrisse

Laurent Baronian

Cahiers d’économie politique / Papers in Political Economy, 2011, issue 60, 67-86

Abstract: The chapter on Money in the Grundrisse shows clearly that the presentation of the nature, properties and functions of money is opposed to the monetary theory of Utopian socialism. Marx emphasizes easily that the exchange value spontaneously objectifies itself in a money distinct from the commodity, but he needs to establish that the distribution of labour activities is mediated by the exchange of labour products under commodity mode of production, to make appear the confusion at the core of the Proudhonians’ reform between exchange of living labour and exchange of labour products and then, the necessity that money embodies itself in a specific commodity.

Keywords: Marx; Utopian socialism; monetary theory; money as commodity (search for similar items in EconPapers)
JEL-codes: B14 B24 B41 E5 (search for similar items in EconPapers)
Date: 2011
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