Economics Dictionary of Arguments

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Commodity: In economics, a commodity is a raw material or primary agricultural product that can be bought and sold, such as gold, oil, or agricultural goods. They are standardized and interchangeable with other goods of the same type.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Karl Marx on Commodity - Dictionary of Arguments

Habermas IV 492
Commodity/Marx/Habermas: Marx's approach owes its theory-strategic superiority over the designs developed since then at the same level of abstraction, to an ingenious coup: the analysis of the commodity form. By analyzing the dual character of the commodity ((s) with utility value and exchange value), Marx gains basic value-theoretical assumptions that make it possible to describe the process of unfolding capitalist societies simultaneously from the economic perspective of the observer as a crisis-like process of self-exploitation of capital, as well as from the historical perspective of the person concerned (...) as a conflict-prone interaction between social classes.
In terms of value theory, the relationship between the exchange of labor for variable capital, which is fundamental to the mode of production and institutionalized in the employment contract, can be simultaneously explained as a control mechanism of a self-regulated reproduction process and as a reflection relationship that makes the entire accumulation process understandable as an objective, anonymous process of exploitation.
Exchange value/Marx: is the medium that objectivistically covers and objectifies class dynamics at the same time, i.e. makes them more objective. The mechanism of the labour market, institutionalised under private law, assumes functions of the previously politically institutionalised relationship between social violence and economic exploitation. The class ratio becomes the basis of the
Habermas IV 493
monetization of the labour force. The analysis of the class ratio must therefore start with the dual character of the commodity labour force.
>Labor/Marx
, >Labor Power/Marx, >Theory of Value.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Marx I
Karl Marx
Das Kapital, Kritik der politische Ökonomie Berlin 1957

Ha I
J. Habermas
Der philosophische Diskurs der Moderne Frankfurt 1988

Ha III
Jürgen Habermas
Theorie des kommunikativen Handelns Bd. I Frankfurt/M. 1981

Ha IV
Jürgen Habermas
Theorie des kommunikativen Handelns Bd. II Frankfurt/M. 1981


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