Money as a Symbol of Alienation in Capitalist Society

David McLellan
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David McLellan: University of Kent

Chapter 3 in Marx’s Grundrisse, 1980, pp 59-64 from Palgrave Macmillan

Abstract: 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.

Keywords: Natural Property; Dual Form; Symbolic Form; Capitalist Society; Symbolic Exchange (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05221-9_4

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DOI: 10.1007/978-1-349-05221-9_4

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