Aug 31 2014

Marx Reflection

Published by at 7:32 pm under Reflection Blog

What initially grabbed my attention in this reading was the idea of pricing and exchange “rates.” As these values became more popular, the idea of using money instead of trading one good for another was given, and as a fanatic shopper and retail worker, I’m very grateful. Labor values, however, are slightly harder to describe because the time spent creating tools, as Robinson Crusoe did, cannot be given monetary value. But in some societies, we can actually simply pay for labor to be done, for example, paying laborers on an hourly basis. As society evolves and money “does” more and more for us, our economy and ideas of wealth change.

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