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Look up: exchange-value

  1. Exchange value
    The exchange value is the value of a currency (and other assets, such as foreign money or shares). The exchange value is specified by quoted prices and demand.
    Found on http://www.austrian-mint.com/5

  2. Exchange value
    In political economy and especially Marxian economics, `exchange value` refers to one of four major attributes of a commodity, i.e., an item or service produced for, and sold on, the market. The other three aspects are use value, value and price. Thus, a commodity has: *a value *a use-value *an exchange value *a price These four concepts have a very long history in human thought, from Aristotle to David Ricardo, becoming ever more clearly dis...
    Found on http://en.wikipedia.org/wiki/Exchange_va

  3. exchange value
    (from the article `Menger, Carl`) Menger also used the subjective theory of value to disprove the Aristotelian view that exchange involves a transaction of equal value for equal ...
    Found on http://www.britannica.com/eb/a-z/e/58

  4. exchange-value
    in Marxist social theory, the value of a commodity which is determined by the labour time needed to create it. The term is contrasted with use-value.
    Found on http://www.polity.co.uk/cbs3/PDF/Glos.pd


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19 March 2010

This day in history:
Six English farm labourers were sentenced on 19th March 1834 to 7 years transportation to a penal colony in Australia for Trade Union activities. They were known as the Tolpuddle Martyrs. The tree under which the 'martyrs' met is now very old and reduced to a stump, but it has become a place of pilgrimage in Tolpuddle, where it is known as the 'Martyrs Tree'. A commemorative seat and shelter was erected in 1934 on the green by the wealthy London draper Sir Ernest Debenham. read more

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