"...the common substance that manifests itself in the exchange-value of
commodities, whenever they are exchanged, is their value. The
progress of our
investigation will show that exchange-value is the only form in
which the value
of commodities can manifest itself or be expressed. For the
present, however,
we have to consider the nature of value independently of this, its form."
(_Capital_, Vol. 1, International, 1967, p. 46).
I don't see either one as short-hand for the other. Exchange-value is the
expression of value.
I remember Shaikh's T.A., Salim Khan, had a quote from Descartes
about candles
and wax that was a good analogy for the relation between value
and exchange
value (and use-value?). Anybody know if Marx used this and/or
what the quote is
or where it's from?
============
Well, they flubbed because the quote above is pure Aristotle and Descartes
was into an Augustinian/Neoplatonist approach. Labor ain't a substance,
neither is value.
Ian
