In political economy and especially Marxian economics, exchange value (German: Tauschwert) refers to one of the four major attributes of a commodity, i...
18 KB (2,673 words) - 20:56, 21 November 2024
be exchanged. From this analysis came the concepts value in use and value in exchange. Value is linked to price through the mechanism of exchange. When...
20 KB (2,639 words) - 03:52, 15 May 2025
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of "socially...
71 KB (9,609 words) - 00:35, 6 May 2025
economy, any commodity has a value and a use-value — the former manifestly appearing as exchange-value in any exchange-relation in which bearers of commodities...
26 KB (3,755 words) - 02:40, 18 April 2025
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary...
26 KB (2,856 words) - 15:37, 24 February 2025
social form (as an object of value) is not. Marx intended to correct errors by the classical economists in defining exchange, value, money and capital, by showing...
267 KB (38,806 words) - 21:20, 13 May 2025
the fluctuating exchange value of commodities (exchangeable products) is regulated by their value, where the magnitude of their value is determined by...
142 KB (20,164 words) - 00:43, 20 April 2025
"no intrinsic value" but rather exchange values which facilitate a measurable value of exchange. The market measures or sets the real value of various goods...
16 KB (2,734 words) - 06:51, 27 February 2025
traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price...
71 KB (8,753 words) - 20:41, 26 March 2025
commodities. Accordingly, in addition to having use value, commodities must have an "exchange value"—a value that could be expressed in the market. Prior to...
24 KB (2,832 words) - 13:40, 2 May 2025
use-value of something can only change in quality, the exchange-value can only change in quantity. Marx then explains that a commodity's exchange-value merely...
119 KB (17,731 words) - 03:33, 2 May 2025
floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed...
8 KB (950 words) - 06:05, 14 March 2025
as the ratio of the "normalized Exchange Value of Currency i against the US dollar" to the normalized exchange value of the "benchmark currency basket"...
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proposed the theory of sign value as a philosophic and economic counterpart to the dichotomy of exchange-value vs. use-value, which Karl Marx recognized...
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The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of...
42 KB (5,579 words) - 09:55, 22 April 2025
adopted in many businesses around the world as an effective way to exchange value between companies and customers. Token money as a system is predominantly...
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try to economise its use. A commodity also has a use value and an exchange value. It has a use value because, by its intrinsic characteristics, it can satisfy...
19 KB (2,711 words) - 13:42, 2 May 2025
"Exchange Value" (1981) is a short story by American writer Charles R. Johnson. Set in Chicago, where Johnson himself lived for a time, this story addresses...
6 KB (854 words) - 20:00, 22 April 2025
time in Marx's critique of political economy is what regulates the exchange value of commodities in trade. In short, socially necessary labour time refers...
14 KB (1,978 words) - 13:51, 4 October 2024
between use value—the utility or satisfaction a commodity provides—and exchange value—the proportion at which one commodity can be exchanged with another...
169 KB (16,475 words) - 09:23, 2 May 2025
sacrificed the exchange value of this money, and is compensated for it in the form of interest. The initial amount of borrowed funds (the present value) is less...
23 KB (3,867 words) - 02:41, 6 March 2025
currency. Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency...
131 KB (6,705 words) - 23:11, 1 May 2025
The London Stock Exchange (LSE) is a stock exchange based in London, England. As of July 2024,[update] the total market value of all companies trading...
55 KB (5,512 words) - 02:47, 30 April 2025
units of value. The Iranian Judicial chief demanded questioning from the president and a member of parliament called for firing the stock exchange organization's...
93 KB (8,299 words) - 13:43, 10 May 2025
be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. The most common store of value in modern times has been...
13 KB (1,292 words) - 01:34, 26 April 2025
Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling. In 1885...
33 KB (2,387 words) - 21:14, 6 May 2025
exchange value is determined by society, while her use value is her natural qualities. Thus, a woman’s self is divided between her use and exchange values...
26 KB (2,823 words) - 14:19, 29 April 2025
capitalists to produce use-values in pursuit of exchange-value. Socialist production involves rational planning of use-values and coordination of investment...
21 KB (2,649 words) - 16:39, 30 January 2025
accounting, par value means stated value or face value of a financial instrument. Expressions derived from this term include at par (at the par value), over par...
5 KB (646 words) - 06:36, 20 February 2025
at a point in time there was a good with intersubjective exchange value based on the value of it as a commodity (i.e. silver, gold, etc.), which led...
2 KB (233 words) - 20:57, 2 January 2024