this post was submitted on 15 Sep 2023
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chapotraphouse

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We have seen that when commodities are exchanged, their exchange value manifests itself as something totally independent of their use value. But if we abstract from their use value, there remains their Value as defined above. Therefore, the common substance that manifests itself in the exchange value of commodities, whenever they are exchanged, is their value. The progress of our investigation will show that exchange value is the only form in which the value of commodities can manifest itself or be expressed. For the present, however, we have to consider the nature of value independently of this, its form.

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[โ€“] [email protected] 1 points 1 year ago

I think I get the difference between "use value" and "exchange value", but what does he mean by generic "Value"?