Marx's Theory of Money and the Theory of Value

Marx 's theory of money and value theory The most important point of Marx' s theory of money is that money is a kind of value. The difficulty of this idea is that we are more familiar with the currency itself than other values. But its value comes in a form other than money. For example, the company's balance sheet of a capitalist estimates the value of non-depreciated products and fixed capital, and the value of finished goods awaiting sale.

Marx defines products in a unique way. His theory of currency goods is a unique theory of currency goods. It stems from political criticism of utopian socialist money, working hours, and the concept of exchange value. In addition to using Hegel's dialectic, Marx coordinated several ideas through his refinement of "means" logically to develop his money view. Likewise, the framework that associates "cyclically" "prices" with "value" of essential relationships in production relates to Hegel's transition to "power" and its "expression" in "psycho-phenomenology" There is a possibility. Compare. These influences on Marx 's thought of money appeared in Grundlis, but also told him the final version of the capital' s theory of currency

One of the key points that MMT is against the Keynesian economist's liberalism is its foundation in national currency theory (also known as churchism). Excluding metallurgy and quantitative theory (as Marx did), MMT believes that the value of money comes from the state power to tax that money. You can not use other goods to solve the tax obligation problem. This explains accepting a statutory document in exchange, and in order to "produce" a legal unit it requires a certain amount of labor equivalent to the minimum wage or self-sufficiency wages, so it is in the sense of Marx)

Marx's economic theory is based on the theory of labor value: the value of a product, in its simplest form, is the working time necessary to achieve it. In "Shards on Machines", Marx solved more relevant problems than ever before. Or get more inspiration: When artificial intelligence finishes all work, does anyone still have to purchase goods? Marx acknowledges that automation can rapidly change capital, labor force, labor / production material relationships (you may have heard the word "grab production means" ). But more importantly, he seems to suggest that the automated behavior changes the framework built on the previous text.